Intel’s (INTC) acquisition of Altera, a programmable chip specialist, could be announced next week, according to reports, amid a M&A spree in the semiconductor industry. Apple (AAPL) iPhone chip supplier Avago Technologies (AVGO) and Broadcom (BRCM) confirmed on Thursday a $37 billion merger that would create the world’s No. 3 chipmaker. Intel’s standstill agreement with Altera (ALTR) expires on June 1, giving Intel the option of launching a
Avago Technologies’ (AVGO) $37 billion takeover of Broadcom (BRCM) would create the world’s No. 3 chipmaker by revenue and may trigger a rush of similar-sized deals in the industry. The takeover could also send earnings even higher for the Singapore-based maker of radio-frequency chips. On Thursday, Avago said fiscal Q2 earnings per share leapt 151% to $2.13, as revenue soared 135% to $1.645 billion. Analysts had modeled EPS of $2.01 and $1.635
Avago Technologies’ (AVGO) fiscal second-quarter earnings topped Wall Street estimates, and the Apple (AAPL) chip supplier also confirmed a $37 billion acquisition deal for Broadcom (BRCM) . The radio-frequency chipmaker’s Q2 earnings per share soared 151% to $2.13, topping analysts’ forecasts by 12 cents and representing an eighth straight quarter of acceleration. Net revenue from continuing operations jumped 135% to $1.645 billion, above the