Broadcom Limited (formerly Avago Technologies) is an American designer, developer and global supplier of products based on analog and digital semiconductor technologies within four primary markets: wired infrastructure, wireless communications, enterprise storage and industrial & others.
The company was founded in 1961 as a semiconductor products division of HP. The division separated from Hewlett-Packard as part of Agilent Technologies in 1999. KKR and Silver Lake Partners acquired the division of Agilent Technologies in 2005 for $2.6 billion and formed Avago Technologies.
Avago’s broad portfolio of products are also used in networking gear and optical mice. The company has been at the forefront of the merger wave with several acquisitions, including its $5.6 billion purchase of LSI Corp. at the end of 2013. The company also agreed to buy PLX Technology, an integrated circuits developer, for $309 million. In Feb 2015, it was announced that Avago Technologies Limited had reached an agreement to acquire Emulex Corporation for $8 per share in cash.
On 28 May 2015, Avago announced that it would buy Broadcom for $37 Billion ($17 billion cash and $20 billion in shares). The combined company, which will be named Broadcom Ltd., will have annual revenue of $15 billion and a market value of $77 billion.