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Slide #49. Broadcom Corporation — LTE-related assets from affiliates of Renesas Electronics Corporation
Broadcom Corporation (BRCM)
LTE-related assets from affiliates of Renesas Electronics Corporation
Broadcom Corporation (NASDAQ: BRCM), a global innovation leader in semiconductor solutions for wired and wireless communications, today announced it has completed its acquisition of LTE-related assets from affiliates of Renesas Electronics Corporation for approximately $164 million. The acquisition is expected to accelerate availability of Broadcom's multimode, carrier-validated LTE SoC platform.
Broadcom provides semiconductor solutions for wired and wireless communications. Co.'s products deliver voice, video, data and multimedia connectivity in the home, office and mobile environments. Co.'s segments comprised of: Broadband and Connectivity, which include: set-top box solutions, broadband modem solutions, connectivity solutions, and a range of other technologies; and Infrastructure and Networking, which include Ethernet switches and PHYs, which includes switches and fabrics; copper and optical transceivers; backplane and optical front-end physical layer devices; processors; and other Infrastructure and Networking technologies. Co. also provides a family of Ethernet controllers.
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Hold (2.45 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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