November 13, 2015 Comments (1) Views: 459 Orange County

$37B for Broadcom Sale to Singapore

Irvine-based chipmaker, Broadcom Corp., is being sold to Singapore’s Avago Technologies for $37 billion. The merger will be called Broadcom Ltd., creating the third largest chipmaker in the world, with expected annual revenue of $15 billion.

The new company plans to develop a five-building campus of 1.1 million square feet adjacent to Orange Country Great Park in Irvine.

Judging from Avago’s prior acquisition history, there will likely be layoffs of at least a portion of Broadcom’s 2,400 employees.

Read More at OC Business Journal

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One Response to $37B for Broadcom Sale to Singapore

  1. […] Technologies also recently purchased Irvine chipmaker Broadcom Corp. to create the third largest chipmaker in the world under the name of Broadcom […]