Broadcom Completes $313 Million Acquisition of Provigent
Broadcom completed its previously announced acquisition of Provigent, a supplier of mixed signal semiconductors for microwave backhaul systems. Broadcom paid approximately $313 million, net of cash assumed, to acquire all of the outstanding shares of capital stock and other rights of Provigent.
Provigent’s System-on-Chip (SoC) solutions address the backhaul bottleneck, including high capacity modem, baseband, networking and RF chain components. The company is based in Israel and it has offices in Santa Clara, California.
Broadcom said the addition of Provigent’s engineering expertise in microwave radio products will expand its portfolio to more thoroughly address the $5B microwave backhaul equipment business. http://www.broadcom.com
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Every article published by Converge Digest is researched, curated, fact-checked and editorially reviewed by Jim Carroll, Editor & Publisher. AI-assisted drafting may be used to accelerate production, but all content is reviewed, refined and approved prior to publication.
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