Broadcom was acquired by Anwarco for $37 billion. The picture shows Broadcom products.
According to sources, the $37 billion acquisition by Broadcom, the US chipmaker Avago Technologies, is expected to be unconditionally passed by the EU Antitrust Commission in the near future.
According to Reuters, the deal is also one of a number of mergers and acquisitions transactions in the global semiconductor industry since 2015, highlighting the need for cheaper chip demand and IoT devices to grow and reduce costs. Accelerate in progress.
Avago chips are mainly used in the wireless and industrial markets, while Broadcom's connection chips are mainly used on smart phones including Apple, Samsung Electronics and other manufacturers.
In response to the above report, EU Executive Committee spokesman Ricardo Cardoso declined to comment. Avago and Broadcom have not responded to this report.
The EU competition authorities were scheduled to issue an announcement on the transaction on November 9. The US regulatory authorities agreed to the transaction in August.
CEO Hock Tan has made Avago one of the key players in the semiconductor industry through a series of acquisitions since he took over Avago nine years ago. The acquisition of Broadcom is the company's largest transaction to date. It is reported that the consolidated company headquarters will be located in Singapore after the completion of the acquisition, and its brand name will remain as Broadcom.
Yangzhou Beyond Solar Energy Co.,Ltd. , https://www.ckbsolar.com