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Avago Technologies to Acquire LSI

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SAN JOSE, Calif., and SINGAPORE, Jan. 23, 2014 — Avago Technologies Ltd. has agreed to purchase LSI Corp. for $6.6 billion in cash, a move that will expand its capabilities in wired infrastructure. Acquisition of the San Jose company will create a diversified semiconductor market leader by adding enterprise storage to Avago’s existing wired infrastructure, wireless and industrial businesses. “This combination will increase the company’s scale and diversify our revenue and customer base,” said Hock Tan, president and CEO of Avago, which has joint headquarters in San Jose and Singapore. “As we...Read full article

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    Published: January 2014
    acquisitionsAmericasAsia-PacificAvago TechnologiesBusinessCaliforniaFinanceindustrialLSIOpticssemiconductorsSingaporestockholderswirelesswired infrastructureHock TanAbhi TalwalkerLEDs

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