According to the Wall Street Journal: “An accelerating wave of consolidation in the semiconductor industry has a new point man: Hock Tan, a press-shy numbers guy now mounting the largest takeover in high-tech history. The 63-year-old chief executive of Avago Technologies Ltd. stepped into the limelight on Thursday with a $37 billion cash-and-stock deal to buy Broadcom Corp. The transaction would meld two companies with complementary sales of communications chips, including processors that handle different chores in smartphones from Apple Inc. and Samsung Electronics Co.”
For context, the Whatsapp-Facebook deal was worth US$22 billion. This makes it the largest tech acquisition in history (unadjusted for inflation). Broadcom makes chips for cable modems, TV set-top boxes, Wifi, and data center switching systems.
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