Cypress Semiconductor - Broadcom

In April, Cypress Semiconductor said it would acquire Broadcom's wireless Internet of Things business and all related assets in a $550 million transaction. As part of Broadcom's IoT business, Cypress, San Jose, Calif., will get the company's Wi-Fi, Bluetooth and ZigBee IoT product lines and IP, as well as its WICED brand and developer ecosystem.

The acquisition will help Cypress strengthen its position in the major embedded systems markets, such as automotive and industrial, and help it tap into the high-growth consumer IoT market, a segment that includes wearable electronics and home automation solutions.

It will also combine Irvine, Calif.-based Broadcom's developer tools and connectivity technologies for IoT devices with Cypress' programmable SoC products that provide memory, computing and graphics processing for low-power devices.