BREAKING NEWS

Broadcom to buy Israeli high-tech co. Provigent for $313m

By REUTERS

MARCH 21, 2011 18:31

US chipmaker Broadcom (BRCM.O) is to buy Israeli chip developer Provigent Inc for $313 million to gain access to its microwave transmission technology.

"With the addition of Provigent's engineering expertise in microwave radio products, the company expands its robust portfolio to more thoroughly address the $5 billion microwave backhaul equipment business," Broadcom said on Monday.

Provigent develops system-on-a-chip products that enable wireless system vendors to deliver broadband wireless backhaul systems to network operators. Backhaul is the portion of a network that links the core network to smaller networks.

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