Cypress Semiconductor has agreed to acquire Broadcom’s wireless product business aimed at internet of things markets in an all-cash transaction valued at $550m. This means Cypress will acquire Broadcom’s Wi-Fi, Bluetooth and Zigbee IoT product lines and intellectual property, along with its WICED brand and developer ecosystem. The IoT business employs approximately 430 people and generated $189m in ...
Cypress to aqcuire Broadcom’s IoT wireless business
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