Broadcom to Acquire Altima

Acquisition expands Broadcom's networking portfolio for small- to medium-size business applications and strengthens presence in Asia

July 31, 2000

1 Min Read

IRVINE, Calif. -- Broadcom Corporation (Nasdaq:BRCM), the leading provider of integrated circuits enabling high-speed broadband communications to and throughout the home and business, today announced that it has signed a definitive agreement to acquire Altima Communications Inc., a leading supplier of networking integrated circuits (ICs) for the small-to-medium business (SMB) networking market.

"We're excited to combine forces with Broadcom to better address the enormous opportunities in the SMB market," said Dr. Stewart Wu, President and CEO of Altima. "Our team will benefit from Broadcom's excellent sales and marketing team, core technologies and manufacturing expertise to help accelerate introductions of next-generation solutions for the SMB market."

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