avago buys broadcom in 37bn chipmaker tieup
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Avago buys Broadcom in $37bn chipmaker tie-up

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Avago buys Broadcom in $37bn chipmaker tie-up

Avago Technologies plans to buy rival Broadcom
New York - AFP

Singapore-based Avago Technologies announced plans Thursday to buy rival Broadcom in a $37 billion deal creating a mobile chipmaking powerhouse.

The stock-and-cash deal "creates the world's leading diversified communications semiconductor company," according to a statement from the companies.

The combined firm will have a market value of $77 billion and revenue of $15 billion, according to the statement.

It would be a key player in components in the surging market for mobile devices like smartphones and tablets.

"Today's announcement marks the combination of the unparalleled engineering prowess of Broadcom with Avago's heritage of technology... in a landmark transaction for the semiconductor industry," said Hock Tan, Avago's chief executive.

"The combination of Avago and Broadcom creates a global diversified leader in wired and wireless communication semiconductors."

Avago was originally a semiconductor unit of US-based Hewlett-Packard. It has operations in California as well as its Singapore home base.

Tan will head the combined company on completion of the deal, which includes $17 billion in cash and $20 billion in stock. It is expected to close early next year.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

avago buys broadcom in 37bn chipmaker tieup avago buys broadcom in 37bn chipmaker tieup

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

avago buys broadcom in 37bn chipmaker tieup avago buys broadcom in 37bn chipmaker tieup

 



GMT 10:31 2014 Tuesday ,23 December

Mirages of failure: Lebanon cannot wait

GMT 10:51 2011 Friday ,18 November

Experts advise on managing climate change aid

GMT 19:57 2018 Tuesday ,23 January

Farm-fresh from Kerala to the UAE, in just one day

GMT 03:01 2016 Wednesday ,08 June

Space feat opens 'new window'

GMT 11:53 2017 Saturday ,27 May

Scholars arrive in UAE for Ramadan lectures

GMT 19:32 2017 Friday ,10 February

Partly cloudy, no change in temperatures

GMT 18:25 2017 Thursday ,24 August

Mohamed Amseef happy for joining team

GMT 09:36 2017 Thursday ,07 December

Heidy Karam’s contract to present talk show close

GMT 12:56 2011 Sunday ,18 September

Talal Hamieh appointed new Hezbollah military leader

GMT 05:13 2016 Wednesday ,19 October

YouTube signs up ‘The Rock’ for new channel

GMT 15:34 2011 Friday ,18 November

UN :Climate change key driver of extreme weather

GMT 19:47 2017 Monday ,23 October

Arab Diplomatic Group presents talk on women
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice