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Broadcom Corporation acquired ServerWorks Corporation, a maker of chipsets for IA-32-based servers, in 2001 for $957 million. This acquisition was one in a string of purchases of companies by Broadcom in the beginning of the 2000s. Unlike the others, which were struggling start-ups, ServerWorks was revenue-generating and profitable. [2] [3] [4]
In May 2016, Cypress Semiconductor announced that it will acquire Broadcom Corporation's full portfolio of IoT products for $550 million. Under the deal, Cypress acquires Broadcom's IoT products and intellectual property for Wi-Fi, Bluetooth and Zigbee connectivity, as well as Broadcom's WICED platform and SDK for developers
ServerWorks' relationship with Intel meanwhile seemed to sour after Broadcom's acquisition, with Intel becoming more competitive in their marketing of its server chipsets. [11] By 2002, however, ServerWorks had a majority share in the server chipset market. [1] In March 2003, Vegesna and a handful of other executives were ousted by Broadcom.
Computer chip and software maker Broadcom has announced it has cleared all regulatory hurdles and plans to complete its $69 billion acquisition of cloud technology company VMware on Wednesday. The ...
Beijing antitrust regulators spent so long evaluating a $5.4 billion acquisition by Intel Corporation that the U.S. chipmaker eventually gave up. Now, the country may try to use the same strategy ...
It turns out that fire was burning hot, and today, Broadcom announced it is acquiring VMware in a massive $61 billion deal. The deal is a combination of cash and stock, with Broadcom assuming $8 ...
On September 12, 2011, Broadcom Corporation agreed to buy NetLogic for $3.7 billion in cash. [8] It was a 57% premium to NetLogic's closing price on September 9, 2011. [9] NetLogic shareholders received $50 a share. [10] It was Broadcom’s largest acquisition and its first acquisition of a publicly-traded company.
That acquisition skewed Broadcom's results somewhat, making its revenue growth rate look higher than it was. In its fiscal 2024 Q4, which ended Nov. 3, Broadcom's revenue rose 51% year over year ...