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July 23, 2014
06:10 EDTBRCMBroadcom to cut 2,500 jobs as a result of baseband unit shutdown, Re/code says
Broadcom expects to reduce its worldwide headcount by 2,250 employees following a reduction of 250 sales and administrative jobs, Re/code reports, citing comments made on the company's conference call by CEO Scott McGregor. Broadcom announced yesterday that it will wind down its cellular baseband chip business. Reference Link
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September 20, 2015
21:07 EDTBRCMDialog to acquire Atmel in move towards Internet of Things
Atmel (ATML) reached an agreement Sunday to be acquired by Dialog Semiconductor in a deal valued at approximately $4.6B, or the equivalent of $10.42 per Atmel share. Jalal Bagherli, CEO of U.K.-based Dialog, remarked that the combined company will be "a diversified, high-growth market leader" in chips for mobile devices, connected vehicles, and the Internet of Things. In a subsequent Bloomberg interview regarding the deal, Bagherli explained, "We passed the computing era, we're at the height of the mobile era, and we're about to enter the IoT era." The news comes after several semiconductor mergers in 2015 amid slowing growth and saturated markets, with Intel (INTC) agreeing in June to acquire Altera (ALTR) and Avago (AVGO) striking a deal in May for Broadcom (BRCM). Note also China's apparent desire to control companies in the space, evidenced by state-owned firms China Electronics Corp. and Tsinghua's respective pursuits of Atmel and Micron (MU).

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