Broadcom recently announced a definitive agreement to buy Renesas’ LTE assets, scheduled to close in the fourth quarter of this year. For approximately $164 million in cash, Broadcom will receive the following:
Ready-for-production LTE solutions
Multicore applications and graphics processors
In an attempt to accelerate their ability to supply commercial-ready LTE solutions, Broadcom appears to be doing the right thing in picking up a unit that is technologically more advanced in terms of LTE but has had struggles in globalizing its customer base. However, given Qualcomm’s dominant and continually maturing position as well as Intel’s larger scale, will this move be enough to not only get Broadcom to the game but give them a chance to win some share?
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