Broadcom announces expiration of Hart-Scott-Rodino waiting period and readies for merger with Avago

Broadcom-Avago merger likely to conclude by end of 1Q16

Broadcom (BRCM) and Avago (AVGO) have announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act (or HSR) of 1976 expired with regards to the previously announced merger transaction worth $37 billion.

Expiration of the HSR Act waiting period has satisfied one of the conditions with regards to closing of the merger transaction, which remains subject to approval by shareholders of both the firm’s. The merger transaction is expected to close by end of 1Q16.

Intel (INTC), a heavyweight in the semiconductor segment have announced completion of its $16.7 billion acquisition of Altera Corp. on June 1, 2015.


Broadcom claims industry’s most accurate spectrum technology

Broadcom have announced introduction of AIR-IQ, the industry’s fastest and most accurate spectrum management technology for enterprise 5G Wi-Fi access points. AIR-IQ allows OEM’s (original equipment manufacturers) to “design enterprise access points, particularly for high-density environments, with advanced WLAN air management capabilities to ensure a reliable Wi-Fi experience”. Demand for uptime and service level agreement guarantees for a range of enterprise demanding applications across major industries have been growing as Wi-Fi is fast becoming the primary connectivity source in businesses. Broadcom has further stated that the AIR-IQ technology combines the best of silicon and software, providing carriers with the ability to detect and mitigate interference helping them to deliver exceptional and reliable connectivity.

Ed Redmond, Broadcom Vice President & General Manager, Compute and Connectivity said,“As more devices and applications compete for the same unlicensed spectrum, carriers need accurate information on all possible interferences in the network. AIR-IQ enables carriers and enterprises to identify issues, limit downtime and deliver the highest performance in the most complex Wi-Fi networks.”

Broadcom accounts for 0.76% of the Technology Select Sector SPDR ETF (XLK) and 5.07% of theMarket Vectors Semiconductor ETF (SMH).

See also: Acquisition of Broadcom by Avago for US$37bn ‘will create new semiconductor powerhouse’

Recent Articles

Maximising the value of IoT data

Posted on: August 7, 2020

Many technology commentators have talked about data as the ‘new oil.’ In the wake of fallout from the current epidemic, data might also come to be viewed as a utility – like electricity, water and broadband; a vital resource essential to shaping, supporting, securing and optimising, all life.

Read more

Schieler joins Fibocom joint venture company Rolling Wireless as CEO

Posted on: August 5, 2020

Fibocom, a global provider of IoT (Internet of Things) wireless solutions and wireless communication modules, reports that Dan Schieler has been appointed to the position of chief executive officer of Rolling Wireless Technology Co., Ltd. This is a joint venture company invested by Fibocom and three other professional investment institutions.

Read more