Cypress buys Broadcom’s IoT chip biz for $550m
Broadcom has agreed to sell off its wireless IoT business to semiconductor firm Cypress, in a deal worth roughly $550 million.
Broadcom has agreed to sell off its wireless IoT business to semiconductor firm Cypress, in a deal worth roughly $550 million.
It seems every corner of the mobile market is consolidating right now and semiconductors are clearly no exception, as digital signal processing chip maker Avago swoops for communications chip company Broadcom for $37 billion.
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