Broadcom Buys BroadLight
Broadcom today announced that is has agreed to acquire a company called BroadLight for $195 million. BroadLight makes processors for fiber networks. Broadcom will add the company to its high-speed internet business so that it can better serve is customers.
Broadcom Looking to Get Out Of the Baseband Business
Broadcom today indicated that it is looking to exit the cellular baseband radio-making business. The company is exploring strategic alternatives, including a potential sale or wind-down of its baseband business unit.
Broadcom to Cut Up to 1,900 Jobs
Broadcom Limited said it plans to reduce its headcount by about 1,900 jobs. The cuts will be made across Broadcom's global facilities and the company expects to take a charge of $650 million to cover the cost of the cuts.
Avago to Buy Broadcom for $37 Billion
Avago Technologies today said it plans to acquire Broadcom for $37 billion. Avago is offering Broadcom's shareholders $17 billion in cash and $20 billion in Avago stock.
Broadcom Intros New Wi-Fi Chip for Smartphones
Broadcom today announced the BCM4358, a high-end Wi-Fi radio for flagship smartphones and tablets. The BCM4358 employs an 802.11ac 2x2 MIMO configuration for improved throughput and speeds, which Broadcom says can reach 650Mbps.