Thursday, September 29, 2016

Newly Diversified Broadcom Gets "Wired" After Avago Merger

#Broadcom (AVGO) has a lot of different tentacles at this point, but the company's recent transformation seems to going along quite nicely. Earlier this year Avago Technologies completed its $37 billion acquisition of Broadcom. It's hard to find a more diversified chip name than Broadcom these days. The company now has a formidable presence in the wireless, wired, enterprise storage and industrial segments. Broadcom makes radios for cellphones and other consumer devices, plus chips used in networking equipment for data centers. Avago makes analog and mixed signal chips for automotive, communications and industrial applications. In late 2013, Avago made a bet on increased use of cloud and mobile software when it struck a deal to acquire #LSI Logic for $6.6 billion. The purchase gave #Avago a big presence in the networking and storage chip market.

http://www.investors.com/stock-lists/sector-leaders/newly-diversified-broadcom-gets-wired-after-avago-merger/

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