Singapore: Cypress Semiconductor buys Broadcom's IoT business for $550m

Singapore: Cypress Semiconductor buys Broadcom's IoT business for $550m

Visual of Broadcom Limited homepage. April 2016.

Cypress Semiconductor Corp. and Singapore-based Broadcom Limited, both of which are listed on New York’s Nasdaq Stock Exchange, have entered a deal that will see Cypress acquire Broadcom’s Wireless Internet of Things (IoT) business and related assets in an all-cash transaction valued at $550 million.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter