Broadcom Completes Acquisition of LTE-Related Assets from Affiliates of Renesas Electronics Corporation

IRVINE, Calif., Oct. 1, 2013 — (PRNewswire) —  Broadcom Corporation (NASDAQ: BRCM), a global innovation leader in semiconductor solutions for wired and wireless communications, today announced it has completed its acquisition of LTE-related assets from affiliates of Renesas Electronics Corporation for approximately $164 million. The acquisition is expected to accelerate availability of Broadcom's multimode, carrier-validated LTE SoC platform. For more news, visit Broadcom's Newsroom.

Broadcom will include Renesas' contribution to financial performance in its fourth quarter earnings results.  

About Broadcom
Broadcom Corporation (NASDAQ: BRCM), a FORTUNE 500® company, is a global leader and innovator in semiconductor solutions for wired and wireless communications. Broadcom® products seamlessly deliver voice, video, data and multimedia connectivity in the home, office and mobile environments. With the industry's broadest portfolio of state-of-the-art system-on-a-chip and embedded software solutions, Broadcom is changing the world by Connecting everything®. For more information, go to www.broadcom.com.

Cautions Regarding Forward-Looking Statements
All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward-looking statements within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current expectations, estimates and projections about our industry and business, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words. Examples of such forward-looking statements include, but are not limited to, references to the availability of Broadcom's first multimode carrier-validated LTE SoC platform and the potential benefits of the transaction. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement.

Important risk factors that may cause such a difference for Broadcom in connection with the transaction include, but are not limited to the risks inherent in acquisitions of technologies and businesses, including the timing and successful completion of technology and product development through volume production; business and employee integration and restructuring issues, costs and unanticipated expenditures; changing relationships with customers, suppliers and strategic partners; potential contractual, intellectual property or retention or other employment issues, unanticipated disruption or costs related to services to be provided by Renesas to Broadcom in connection with the transaction; and charges resulting from restructuring, purchase accounting adjustments or fair value measurements; and unexpected variations in market growth and demand for LTE products and related technologies.

Broadcom's Annual Report on Form 10-K for the year ended December 31, 2012, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other Securities and Exchange Commission filings discuss the foregoing risks as well as other important risk factors that could contribute to such differences or otherwise affect our business, results of operations, financial condition, or the guidance provided today. The forward-looking statements in this release speak only as of this date. We undertake no obligation to revise or update publicly any forward-looking statement to reflect future events or circumstances.

Broadcom®, the pulse logo, Connecting everything® and the Connecting everything logo are among the trademarks of Broadcom Corporation and/or its affiliates in the United States, certain other countries and/or the EU. Any other trademarks or trade names mentioned are the property of their respective owners.

Contacts




Press

Investors

Karen Kahn

Chris Zegarelli

Vice President, Communications

Sr. Director, Investor Relations

415-297-5035

949-926-7567

kkahn@broadcom.com

czegarel@broadcom.com

SOURCE Broadcom Corporation; BRCM Corporate

Contact:
Broadcom Corporation
BRCM Corporate
Renesas Electronics Corporation
Web: http://www.broadcom.com

Featured Video
Editorial
More Editorial  
Jobs
Design Verification Engineer for Blockwork IT at Milpitas, California
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
Sr. Silicon Design Engineer for AMD at Santa Clara, California
CAD Engineer for Nvidia at Santa Clara, California
Upcoming Events
MEMS & Sensors Executive Congress (MSEC 2024) at Château-Bromont Hotel in Bromont Quebec Canada - Oct 7 - 9, 2024
PCB West 2024 at Santa Clara Convention Center Santa Clara CA - Oct 8 - 11, 2024
DVcon Europe 2024 at Holiday Inn Munich City Center, Munich Germany - Oct 15 - 16, 2024
International Test Conference (ITC) at United States - Nov 3 - 8, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise