M&A Deal Summary

Cypress Semiconductors Acquires Broadcom - Wireless Internet of Things

On April 28, 2016, Cypress Semiconductors acquired technology hardware company Broadcom - Wireless Internet of Things from Broadcom for 550M USD

Acquisition Highlights
  • This is Cypress Semiconductors’ 1st transaction in the Technology Hardware sector.
  • This is Cypress Semiconductors’ 2nd largest (disclosed) transaction.
  • This is Cypress Semiconductors’ 1st transaction in Singapore.

M&A Deal Summary
Date 2016-04-28
Target Broadcom - Wireless Internet of Things
Sector Technology Hardware
Buyer(s) Cypress Semiconductors
Sellers(s) Broadcom
Deal Type Divestiture
Deal Value 550M USD

Target

Broadcom - Wireless Internet of Things

Singapore, Singapore
Broadcom Ltd.- Wireless Internet of Things (IoT) includes Wi-Fi, Bluetooth and Zigbee IoT product lines and intellectual property, along with its WICED brand and developer ecosystem.

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Buyer(S) 1

Buyer

Cypress Semiconductors

San Jose, California, United States
Category Company
Founded 1982
Sector Semiconductors
Employees7,100
Revenue 2.4B USD (2018)
DESCRIPTION
Entrance to Cypress Semiconductor's corporate headquarters in San Jose, California.
Entrance to Cypress Semiconductor's corporate headquarters in San Jose, California.

Cypress Semiconductor Corporation engineers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress' offerings include its flagship PSoC 1, PSoC 3, PSoC 4 and PSoC 5LP programmable system-on-chip families. Cypress produces capacitive user interface solutions including CapSense touch sensing, TrueTouch touchscreens, and trackpad solutions for notebook PCs and peripherals. Cypress also produces Universal Serial Bus (USB) controllers. Cypress Semiconductor Corporation was established in 1982 and is headquartered in San Jose, California.

DEAL STATS #
Overall 16 of 16
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
Country (Singapore) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-11 Cypress Semiconductor - TrueTouch Mobile Business

California, United States

Cypress's TrueTouch capacitive touchscreen solutions deliver robust performance and a natural user experience in a broad range of challenging environments with best-in-class waterproofing, noise immunity, passive stylus and glove-touch modes, as well as proximity sensing and face detection.

Sell $100M

Seller(S) 1

SELLER

Broadcom

Palo Alto, California, United States
Category Company
Founded 2018
Sector Semiconductors
Employees20,000
Revenue 35.8B USD (2023)
DESCRIPTION

Broadcom is a designer, developer and global supplier of a broad range of analog semiconductor devices with a focus on III-V based products. Broadcom was founded in 2018 and is based in San Jose, California.

DEAL STATS #
Overall 4 of 10
Sector (Technology Hardware) 3 of 5
Type (Divestiture) 4 of 10
Country (Singapore) 2 of 4
Year (2016) 1 of 2
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-28 Broadcom

Irvine, California, United States

Broadcom is a global provider of semiconductor solutions for wired and wireless communications. Broadcom was formed in 1991 and is based in Irvine, California.

Buy $37.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-09 Broadcom Corp - Wireless Backhaul Business

Irvine, California, United States

Broadcom Corp - Wireless Backhaul Business provides requency (RF) and mixed-signal integrated circuits for cable and satellite broadband communications.

Sell $80M
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