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Avago to buy Broadcom for $37 billion; local impact unknown


Avago Technologies, which has operations in Longmont and Fort Collins, said Thursday it will acquire fellow chipmaker Broadcom Corp. for $37 billion in cash and stock. Irvine, Calif.-based Broadcom, which makes wireless chips for smartphones and other devices, also has facilities in Fort Collins and Longmont. Avago's Fort Collins campus, with about 1,300 workers, is its largest after its Singapore headquarters and San Jose, Calif., locations.