||This article appears to be written like an advertisement. (September 2012)|
|Traded as||NASDAQ: AVGO|
|Headquarters||San Jose, California, USA and Singapore|
|Key people||Hock E. Tan, CEO|
Avago Technologies Limited is a Singaporean company with joint headquarters in San Jose, California and Singapore. The core business of Avago Technologies is designing and developing of analog semiconductors, custom chips, radio-frequency and microwave components. It is currently expanding the IP portfolio into mobile technology.
Avago Technologies first began as the semiconductor products division of HP back in 1961. The first core products is based on LED technologies  It also become part of product division of Agilent Semiconductor Group  before being spun off into a distinct legal entity by KKR and Silver Lake in 2005.
Avago Technologies provides a range of analog, mixed-signal and optoelectronic components and subsystems. Avago sells over a wide range of products customers in the wireless and wired communications, industrial and automotive electronics and consumer and computing target markets.
Avago's product families include:
- Fiber Optics
- LEDs & LED Displays
- Motion Control Encoder Products
- Optical Sensors - Ambient Light Sensors & Proximity Sensors
- Optocouplers - Hermetic & Plastic
- RF & Microwave - Including Thin Film Bulk Acoustic Resonator (FBAR) filters, GPS filter-LNA module, and Power Amplifiers for mobile phones.
In late 2005 the semiconductor division of Agilent was acquired by Kohlberg Kravis Roberts and Silver Lake Partners, and became an independent company. Today it is one of the leading III-V semiconductor companies in the world, with approximately 3,200 employees and net revenue of $1.5 billion in fiscal 2009.
In 2006, PMC-Sierra purchased Avago Technologies storage semiconductor division.
In 2009, Avago Technologies filed an amended registration statement with the SEC for an initial public offering of its common stock. The Company is offering 36,000,000 shares and expects the offering price to be between $13–$15 per share. The Company plans to list on the NASDAQ under the symbol "AVGO".
On Aug 5, 2009, Avago announced the initial public offering of 43,200,000 ordinary shares at a price to the public of $15.00 per share.
Following the successful IPO, the company began trading under the symbol AVGO as a public corporation.
On February 28, 2011, Avago announced the pricing of a secondary offering of 25,000,000 ordinary shares at a price to the public of $32.50 per share, resulting in private equity firms holding under 50% of the Company's shares.
On September 28, 2011, Avago announced the pricing of a secondary offering of 15,000,000 ordinary shares at a price to the public of $32.85 per share, resulting in private equity firms holding under 12% of the Company's shares.
On December 16, 2013, Avago Technologies Limited (NASDAQ: AVGO) and LSI Corporation (NASDAQ: LSI) announced that they have entered into a definitive agreement under which Avago will acquire LSI for $11.15 per share in an all-cash transaction valued at $6.6 billion.
On May 7, 2014, Avago Technologies replaced LSI (LSI) in the S & P 500 stock list.
- "Avago Technologies LTD 2013 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. December 20, 2013.
- "Avago Technologies LTD 2014 Q1 Quarterly Report Form (10-Q)" (XBRL). United States Securities and Exchange Commission. March 13, 2014.
- "Avago files for $400m IPO". 2008-08-28.
- "Avago Technologies Announces Sale of 25,000,000 Ordinary Shares by Selling Shareholders". Reuters. February 28, 2011.
- Barr, Alistair (December 16, 2013). "Avago agrees to buy LSI for $6.6 billion". USA Today.
- "Seagate to Acquire LSI’s Flash Businesses From Avago". May 29, 2014.