Broadcom to Buy Chip Maker

IRVINE and SAN JOSE, Calif. -- Broadcom Corporation (Nasdaq:BRCM), the leading provider of integrated circuits enabling broadband communications, today announced that it has signed a definitive agreement to acquire Allayer Communications, a leading developer of high-performance enterprise and optical networking communications chips, based in San Jose. In adding Allayer's switch processor expertise to its product portfolio, Broadcom continues to build its leadership in the delivery of broadband solutions for networking services spanning local, metropolitan and wide area networks.

"Broadcom is committed to solving bandwidth bottlenecks wherever they occur in the network," said Dr. Henry T. Nicholas III, President and CEO of Broadcom. "Our products are enabling broadband connections for corporate and home users worldwide, and as a result the bottlenecks are now shifting toward the network core. With the addition of Allayer's 10-Gigabit switch technology, Broadcom now provides customers a broader range of products to alleviate the congestion at the LAN and WAN edge."

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