Avago to acquire LSI for $6.6 Billion; quite a powering acquisition

The high speed communications and computing chip specialist Avago Technologies is agreed to acquire storage and networking chip specialist LSI Corporation for $6.6 Billion in Cash. Avago to acquire LSI for $11.15 per share in an all-cash transaction valued at $6.6 billion. The acquisition to help Avago to enter top 20 semiconductor companies list. Avago may get a ranking in between 10-15 top semiconductor companies, based on their present revenues. Well, is it possible to say the combined business to scale higher in next year ranking! there are high chances due to the speed at which cloud computing is installed around the world and the growth of high-speed mobile and wired networking infrastructure installations. Avago with LSI can serve better the networking, high-end computing and storage market. The big-data and security requirements also a big factor for the growth of companies such as Avago and LSI. Avago says the combined business creates a highly diversified semiconductor market leader with approximately $5 billion in annual revenues by adding enterprise storage to Avago's existing wired infrastructure, wireless and industrial businesses. "This highly complementary and compelling acquisition positions Avago as a leader in the enterprise storage market and expands our offerings and capabilities in wired infrastructure, particularly system-level expertise," s...