Broadcom to Acquire Element 14

Will add a full range of DSL expertise to Broadcom's local, metro, and wide area networking capabilities

October 4, 2000

1 Min Read

IRVINE, Calif., and CAMBRIDGE, U.K. -- Broadcom Corporation (Nasdaq:BRCM), the leading provider of integrated circuits enabling broadband communications, today announced that it has signed a definitive agreement to acquire Element 14, a leading developer of high-port density, low-power digital subscriber line (DSL) chipsets, software and communications processor technology. By adding a full range of DSL expertise to its local, metropolitan and wide area network, voice, video and home networking capabilities, Broadcom continues to build its leadership in the delivery of broadband solutions for all major telephony infrastructure, enterprise and home markets.

"We believe this acquisition will position Broadcom as a leader in the ADSL market," said Dr. Henry T. Nicholas III, Broadcom's President and CEO. "Together our combined product lines will offer the most comprehensive portfolio for copper twisted pair broadband delivery. Broadcom is already the market leader in VDSL and cable modems, and we are now positioned to provide every means of delivering broadband access to the home and business. Additionally, Element 14's world class DSP technology can be leveraged across all our business units."

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