Irvine-based Broadcom announced today that it has signed a definitive agreement to acquire Beceem Communications, a developer of 4G wireless semiconductors. Broadcom said it will pay approximately $316M in cash for Beceem. Beceem is a developer of semiconductors for the 4G wireless market, including a platform which supports both LTE and WiMAX 4G networks. Broadcom said the technology will accelerate its time-to-market in 4G. Broadcom said the addition of Beceem's team of engineers in both India and the U.S. will help it serve the 4G market. Beceem was venture backed by DoCoMo Capital, Global Catalyst Partners, Intel Capital, KTB Ventures, Khosla Ventures, Mitsui & Co., NEC, Samsung Ventures, Sequoia Capital, and Walden International. The firm was based in Santa Clara, with operations also in Irvine, and had raised north of $127M in funding.
Top NewsWednesday, October 13, 2010
Broadcom Acquires Beceem Communications