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For the Irish/UK television channel, see Avago (TV channel).
Avago Technologies Limited
Industry Semiconductors
Founded 1961; 54 years ago (1961)
Headquarters San Jose, California, United States and Singapore
Key people
Hock E. Tan, CEO
Products Analog Electronics
Revenue US$ 4307 million
US$ 438 million
US$ 263 million
Total assets US$ 10,491 million
Total equity US$ 3243 million
Number of employees
Website http://avagotech.com

Avago Technologies is a designer, developer and supplier of analog, digital, mixed signal and optoelectronics components and subsystems.[1][2] Hock Tan is the company's president and CEO.[2][3] Avago Technologies is incorporated in Singapore,[4] and jointly headquartered in San Jose, California and Singapore.[5][6][7][8]


The company was founded in 1961 as a semiconductor products division of HP.[3] The division separated from Hewlett-Packard as part of Agilent Technologies in 1999.[6][8][9] KKR and Silver Lake Partners acquired the division of Agilent Technologies in 2005 for $2.6 billion and formed Avago Technologies.[6] Avago Technologies agreed to sell its I/O solutions unit to PMC-Sierra for $425 million in October 2005.[10] In August 2008, the company filed an initial public offering of $400 million.[11][12] In October 2008, Avago Technologies acquired Infineon Technologies' based bulk acoustic wave business for €21.5 million.[13] In 2009, Avago Technologies went public on NASDAQ with the ticker symbol AVGO.[9][14] Avago Technologies announced its agreement to acquire CyOptics, an optical chip and component supplier, for $400 million in April 2013.[15][16] The acquisition aimed to expand Avago Technologies' fiber optics product portfolio.[16] In October 2013, Avago Technologies invested $5 million in Amantys, power electronics technology provider, as part of a strategic investment agreement between the two companies.[17] Avago Technologies announced its agreement to acquire LSI Corporation in December 2013 for $6.6 billion.[6][8][14][18][19] The acquisition helped move Avago Technologies away from specialized products and towards a more mainstream industry, which included chips, especially storage for data centers.[19]

The company sold its SSD controller business to Seagate in May 2014.[20] In August 2014, the company was the ninth largest semiconductor company.[7] Avago Technologies agreed to sell LSI's Axxia Networking business to Intel for $650 million.[9][21] The company also agreed to buy PLX Technology, an integrated circuits developer, for $309 million.[22] In Feb 2015, it was announced that Avago Technologies Limited had reached an agreement to acquire Emulex Corporation for $8 per share in cash.[23]

On 28 May 2015, Avago announced that it would buy Broadcom[24] for $37 Billion ($17 billion cash and $20 billion in shares).[25] The combined company, which will be named Broadcom Ltd., will have annual revenue of $15 billion and a market value of $77 billion.[26] Broadcom Corp. will strengthen Avago Technologies' patent position significantly in sectors such as mobile, the data center and the Internet of Things and would make the company the ninth largest holder of patents among the top semiconductor vendors, according to an analysis by technology consulting firm LexInnova.[27] According to the company's web site, the closing of the transaction is still expected by the end of the first calendar quarter of 2016.[28]


The company's technologies include fiber optic, LED, LSI, motion control encoders, optical sensors, radio frequency and microwave.[29] Avago Technologies also manufactures enterprise storage chips and PCIe switching and bridge chips.

See also[edit]


  1. ^ "Avago Tech. (AVGO) Sees IPO Price of $13-$15". Street Insider. 27 July 2009. 
  2. ^ a b Andrew Meola (26 February 2014). "Why Avago Technologies (AVGO) Is Up Today". The Street. Retrieved 2 January 2015. 
  3. ^ a b Steve Johnson (16 December 2013). "Avago offers $6.6 billion for San Jose chipmaker LSI". Contra Costa Times. Retrieved 2 January 2015. 
  4. ^ "Avago Tech. (AVGO) SEC Filings". 27 May 2015. 
  5. ^ Mark Hachman (1 December 2005). "Avago Looks to Mobile". eWeek. 
  6. ^ a b c d Chris Mellor (16 December 2013). "Avago Technologies chomps up LSI for BEELLLIONS - in CASH". The Register. 
  7. ^ a b Soid Ahmad (29 August 2014). "Don't Ignore These Catalysts". Seeking Alpha. Retrieved 2 January 2015. 
  8. ^ a b c Alex Saltarin (17 December 2013). "Avago Technologies buys chip maker LSI Corp for $6.6 bn". Tech Times. Retrieved 2 January 2015. 
  9. ^ a b c "Intel Corporation Acquires Avago’s Networking Business". ValueWalk. 14 August 2014. Retrieved 2 January 2015. 
  10. ^ "Agilent chip group reborn as Avago". EE Times. 5 December 2005. Retrieved 2 January 2015. 
  11. ^ "LED maker Avago Technologies Ltd. files for IPO". LEDs Magazine. Retrieved 2 January 2015. 
  12. ^ "Avago Technologies (AVGO) Files $400M IPO". Street Insider. 25 August 2008. Retrieved 2 January 2015. 
  13. ^ Richard Wilson (1 October 2008). "Avago buys Infineon RF filter design team". Electronics Weekly. Retrieved 2 January 2015. 
  14. ^ a b Himanshu Arora (17 December 2013). "Singapore's Avago to buy storage chip maker LSI for $6.6 billion". Techspot. Retrieved 2 January 2015. 
  15. ^ Valerie Coffey (19 April 2013). "CyOptics Acquired for $400M by Avago Technologies". OSA. Retrieved 2 January 2015. 
  16. ^ a b "Avago Technologies to buy CyOptics". EET India. 12 April 2013. Retrieved 2 January 2015. 
  17. ^ Paul Buckley (1 October 2013). "Avago Technologies makes strategic investment in Amantys". EE Times. Retrieved 2 January 2015. 
  18. ^ Barr, Alistair. "Avago agrees to buy Broadcom for $37 billion date=December 16, 2013". USA Today. 
  19. ^ a b Michael J. De La Merced (16 December 2013). "Avago to Buy LSI for $6.6 Billion". New York Times DealBook. Retrieved 2 January 2015. 
  20. ^ Dave Altavilla (21 January 2014). "LSI Set To Take PCI Express SSDs Mainstream With SandForce SF3700 Controller". Forbes. Retrieved 2 January 2015. 
  21. ^ "Intel acquires Avago networking business for US$650m". Malay Mail Online. 14 August 2014. Retrieved 2 January 2015. 
  22. ^ Sarah Drake (23 June 2014). "Avago to buy PLX Technology in $309M deal". Silicon Valley Business Journal. Retrieved 2 January 2015. 
  23. ^ "Avago Financial News 2015-02-25". 
  24. ^ "Broadcom to be Acquired by Avago Technologies for $37B". Bloomberg. 28 May 2015. Retrieved 28 May 2015. 
  25. ^ "Avago to buy Broadcom in $37 billion deal". CNBC. 28 May 2015. Retrieved 28 May 2015. 
  26. ^ Nicole Arce, Tech Times. “Avago To Acquire Rival Firm Broadcom For $37 Billion: Should Intel Worry?.” May 29, 2015. June 16, 2015.
  27. ^ http://www.eetimes.com/author.asp?section_id=36&doc_id=1326798
  28. ^ http://investors.avagotech.com/phoenix.zhtml?c=203541&p=irol-newsArticle&ID=2078715
  29. ^ Charles Payne (28 August 2014). "Good Time to Buy Avago Technology?". Fox Business. Retrieved 2 January 2015.