Avago buys Broadcom in $37 bn chipmaker tie-up
Singapore-based Avago Technologies announced plans Thursday to buy rival Broadcom in a $37 billion deal creating a mobile chipmaking powerhouse.
May 28, 2015, 19:24 PM ISTBroadcom cuts 2,500 jobs in wind-down of baseband unit
The Irvine, California company is the latest chipmaker to abandon the baseband market. Texas Instruments Inc cut 1,700 jobs in 2012 after failing to sell its mobile chip business.
Jul 23, 2014, 09:46 AM IST