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Broadcom buys NetLogic to grow its chip variety

09/12, 11:45am

Heats up competition in communications segment

Broadcom Corporation announced that it will acquire NetLogic Microsystems, Inc, subject to regulatory approval and NetLogic stockholders. The boards of directors of both companies have approved the deal. The acquisition gives Broadcom added depth, which it intends to use to provide integrated solutions for the networking, mobile computing and smartphone segments of the communications industry.

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