Another week, another IT company consolidation could be in the cards.
Read this
Broadcom CEO predicts a crowded market soon for wearable tech
Before wearable tech can even get off the ground, Broadcom's CEO asserted that there are three challenges that need to be dealt with and overcome first.
Broadcom is said to be in "advanced talks" for acquisition by Avago Technologies, according to the Wall Street Journal on Wednesday.
With dual headquarters in Singapore and San Jose, Calif., Avago produces analog, digital, mixed signal and optoelectronics components.
Avago specializes in semiconductors designed enterprise and industrial use cases, including data networking, telecommunications, factory automation, and alternative energy systems, among others.
Irvine, Calif.-based Broadcom could fit in with Avago's portfolio, possibly filling a void for both business and consumer products alike, especially those involving voice and video applications as well as connected sensors tapped into the Internet of Things movement.
Neither Broadcom nor Avago has commented publicly on the speculation. ZDNet has reached out to Broadcom for further comment.
The potential chip company merger marks another example in a tumultuous time for enterprise tech, including spinoffs such as Yahoo and its Alibaba investment, splits at Symantec and Hewlett-Packard, and surprise merger talks that appear to have fallen apart. (See Salesforce.com and Microsoft.)
Join Discussion