Avago Technologies

Avago Technologies Limited

Type	Public
Industry	Semiconductors
Founded	1960s
Headquarters	San Jose, California, USA and Singapore
Key people	Hock E. Tan, CEO
Products	analog
Revenue	US $2.1 billion (2010)
Employees	3500
Website	www.AvagoTech.com

Avago Technologies Limited (NASDAQ: AVGO) is a Singaporean company with joint headquarters in San Jose, California (USA) and Singapore. It currently expanding the IP portfolio into mobile technology.^[1]

History

Avago Technologies is first began as the semiconductor products division of HP back in 1961. The first core products is based on LED technologies ^[2] It also become part of product division of Agilent Semiconductor Group ^[3][4] before being spun off into a distinct legal entity by KKR and Silver Lake in 2005.

Products

Avago Technologies provides a range of analog, mixed-signal and optoelectronic components and subsystems. Avago sells over a wide range of products customers in the wireless and wired communications, industrial and automotive electronics and consumer and computing target markets.

Avago's product families include:

• ASICs
• Fiber Optics
• LEDs & LED Displays
• Motion Control Encoder Products
• Optical Sensors - Ambient Light Sensors & Proximity Sensors
• Optocouplers - Hermetic & Plastic
• RF & Microwave - Including Thin Film Bulk Acoustic Resonator (FBAR) filters, GPS filter-LNA module, and Power Amplifiers for mobile phones.

Spin-Off

In late 2005 the semiconductor division of Agilent was acquired by Kohlberg Kravis Roberts and Silver Lake Partners, and became an independent company. Today it is one of the leading III-V semiconductor companies in the world, with approximately 3,200 employees and net revenue of $1.5 billion in fiscal 2009.

In 2006, PMC-Sierra purchased Avago Technologies storage semiconductor division.

In 2008, Avago Technologies filed a $400M IPO for the NASDAQ with the proposed ticker symbol AVGO.^[5]

In 2009, Avago Technologies filed an amended registration statement with the SEC for an initial public offering of its common stock. The Company is offering 36,000,000 shares and expects the offering price to be between $13–$15 per share. The Company plans to list on the NASDAQ under the symbol "AVGO".^[6]

On Aug 5, 2009, Avago announced the initial public offering of 43,200,000 ordinary shares at a price to the public of $15.00 per share.^[7]

Following the successful IPO, the company began trading under the symbol AVGO as a public corporation.

On February 28, 2011, Avago announced the pricing of a secondary offering of 25,000,000 ordinary shares at a price to the public of $32.50 per share, resulting in private equity firms holding under 50% of the Company's shares.^[8]

On September 28, 2011, Avago announced the pricing of a secondary offering of 15,000,000 ordinary shares at a price to the public of $32.85 per share, resulting in private equity firms holding under 12% of the Company's shares.^[9]

On December 16, 2013, Avago Technologies Limited (NASDAQ: AVGO) and LSI Corporation (NASDAQ: LSI) announced that they have entered into a definitive agreement under which Avago will acquire LSI for $11.15 per share in an all-cash transaction valued at $6.6 billion.^[10]

See also

• Agilent
• Verigy
• HP

References

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