Broadcom Agrees to Acquire Beceem
Broadcom today announced its intent to acquire Beceem for approximately $316 million in cash. Beceem is a privately held company that makes and markets WiMax and Long Term Evolution equipment. It recently announced a new multi-mode platform that supports both the WiMax and LTE standards. The acquisition will allow Broadcom to bring 4G technology and products to market sooner. Broadcom now offers a wide range of 2G, 3G, 4G, Wi-Fi, Bluetooth, and GPS chips and solutions for hardware makers and network operators.
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.
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 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.
Broadcom Lowers Offer for Qualcomm, Qualcomm Says No Way
Broadcom revised its offer to acquire Qualcomm downward by $3 per share after Qualcomm increased its own bid to buy NXP Semiconductors. Broadcom said, "Qualcomm's board acted against the best interests of its stockholders by unilaterally transferring excessive value to NXP's activist stockholders." Broadcom would have preferred to see Qualcomm act together with Broadcom to broker the right deal for NXP while still allowing Broadcom to move forward with its own offer to buy Qualcomm.
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