3. Cypress acquiring Broadcom’s IoT business
Cypress Semiconductor Corp. (CY) is diversifying its offerings with the acquisition of Broadcom Limited’s (AVGO) wireless Internet of Things (IoT) business for $550 million. IoT offers a vast and natural growth opportunity for chipmakers as companies scramble to provide the chips for the more than 29.5 billion connected devices expected by 2020.
Cypress Semiconductor Corp. (CY) is diversifying its offerings with the acquisition of Broadcom Limited’s (AVGO) wireless Internet of Things (IoT) business for $550 million. IoT offers a vast and natural growth opportunity for chipmakers as companies scramble to provide the chips for the more than 29.5 billion connected devices expected by 2020.
Tags:
