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 Is Once Again a US Company
Broadcom says its repatriation process is complete, and it has moved the company's legal home from Singapore to Delaware. Broadcom announced its intent to move back to the U.S.
Qualcomm Rejects Broadcom's Latest Acquisition Offer, But Leaves Door Open
Qualcomm's board of directors today unanimously rejected Broadcom's revised bid to acquire the company for $121 billion. Qualcomm's board continues to insist that Broadcom is undervaluing Qualcomm's overall worth.
Broadcom Ends Bid to Acquire Qualcomm
Broadcom today said it will no longer pursue its proposed acquisition of rival chipmaker Qualcomm. The decision comes two days after the Trump administration opposed the deal on national security grounds.
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.