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Chipmaker Broadcom To Buy Network Gear Maker Brocade For $5.5 Billion

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy Omniscient Member

Ron Burgundy

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Broadcom Limited company logo is pictured on an office building in Rancho Bernardo, CaliforniaChipmaker Broadcom Ltd said on Wednesday it would buy network gear maker Brocade Communications Systems Inc for $5.5 billion to expand its fiber channel and data storage businesses, the latest in a flurry of chip sector deals. Singapore-based Broadcom, formerly Avago Technologies, is known for its connectivity chips while California-based Brocade makes networking hardware, software and storage products. Broadcom said it planned to integrate Brocade's fiber channel storage networking products used in data centers and sell the company's IP networking business.




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