In Feb 2015, it was announced that Avago Technologies Limited had reached an agreement to acquire Emulex Corporation for $8 per share in cash. The company also agreed to buy PLX Technology, an integrated circuits developer, for $309 million. Avago Technologies agreed to sell LSI's Axxia Networking business to Intel for $650 million. In August 2014, the company was the ninth largest semiconductor company. The company sold its SSD controller business to Seagate in May 2014.
The acquisition helped move Avago Technologies away from specialized products and towards a more mainstream industry, which included chips, especially storage for data centers. Avago Technologies announced its agreement to acquire LSI Corporation in December 2013 for $6.6 billion. In October 2013, Avago Technologies invested $5 million in Amantys, power electronics technology provider, as part of a strategic investment agreement between the two companies. The acquisition aimed to expand Avago Technologies' fiber optics product portfolio. Avago Technologies announced its agreement to acquire CyOptics, an optical chip and component supplier, for $400 million in April 2013. In 2009, Avago Technologies went public on NASDAQ with the ticker symbol AVGO.
In October 2008, Avago Technologies acquired Infineon Technologies' Munich-based bulk acoustic wave business for €21.5 million. Avago Technologies agreed to sell its I/O solutions unit to PMC-Sierra for $425 million in October 2005.In August 2008, the company filed an initial public offering of $400 million. KKR and Silver Lake Partners acquired the division of Agilent Technologies in 2005 for $2.6 billion and formed Avago Technologies. The company was founded in 1961 as a semiconductor products division of Hewlett-Packard.The division separated from Hewlett-Packard as part of Agilent Technologies in 1999. The Broadcom Corporation ticker symbol BRCM was retired. The ticker symbol AVGO that represented old Avago now represents the new merged entity. The company is incorporated in Singapore, and is headquartered in San Jose, California.Avago took the Broadcom part of the Broadcom Corporation name after acquiring it in January 2016.
Hock Tan is the company's president and CEO. All rights reserved.Broadcom Limited (formerly Avago Technologies) is an American designer, developer and global supplier of products based on analog and digital semiconductor technologies within four primary markets: wired infrastructure, wireless communications, enterprise storage and industrial & others.
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