Avago to Buy Broadcom for $37 Billion in Biggest-Ever Chip Deal

CommanderFrank

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In a deal worth $37 Billion dollars, Avago Technologies Ltd purchased Broadcom Corp, creating the third largest semiconductor manufacturer in the US behind Intel Corp and Qualcomm Inc. The new combined corporation will take on the Broadcom name.

Broadcom is best known for its connectivity chips, which are used widely in smartphones made by Apple Inc. and Samsung Electronics Co Ltd.
 
Not sure if this is good or bad. On one hand, the new company will be able to better compete against the likes of Intel and Qualcomm. On the other hand, buying out competition, obviously lowers the amount of competition in the market which is NEVER good for consumers unless regulated properly. I also can't help to think what they could've done with that $37 billion inside their own company.
 
Maybe broadcom can now compete with Qualcomm and their patent portfolio.
 
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