Tuesday, October 1, 2013
Broadcom Completes Acquisition of Renesas Electronics' LTE Assets
Irvine-based semiconductor developer Broadcom has completed its acquisition of the LTE assets of Renesas Electronics Corporation, the company said this morning. The deal was worth $164M. Broadcom had announced the deal in early September. Broadcom said the deal is expected to accelerate availability of a multimode, carrier-validated LTE SoC platform from Broadcom.