Reuters reported Thursday afternoon that the Singapore-based chip company
has reached out to at least three potential acquisition targets, including
two of Silicon Valley's largest semiconductor manufacturers: Xilinx and
Maxim Integrated Products, both based in San Jose. Tokyo-based Renesas is
also on Avago's list of targets, according to the report.
Avago is the product of Hewlett-Packard's semiconductor ambitions, and was
spun off as part of Agilent in 1999 before being spun off again as an
independent company in 2005. The company was an early entrant in a wave of
mergers in the chip sector when it announced in late 2013 the purchase of
Fremont's LSI for $6.6 billion.