Cypress Semiconductor today acquired the internet of things business of Broadcom in an all cash deal of $550 million. The chipmaker will part away with its entire IoT business, customers and assets to Cypress in the deal that was announced in April this year but was closed today. In termsRead More
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Semiconductor firm Cypress last week announced to acquire the wireless internet of things (IoT) division of Broadcom for $550 million in an all cash deal. Under the terms of the deal, Cypress will acquire Broadcom’s Wi-Fi, Bluetooth and Zigbee IoT product lines and intellectual property, along with its WICED brandRead More