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Article: Avago Technologies Begins Operations as World's Largest Privately Held Independent Semiconductor Company; Separation of Semiconductor Products Group From Agilent Technologies Now Complete.(Company Profile)
- Article from:
- Business Wire
- Article date:
- December 1, 2005
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SAN JOSE, Calif. -- Avago Technologies today announced it has started operations as the world's largest privately held independent semiconductor company. Avago was created as a result of the acquisition of Agilent Technologies Inc.'s (NYSE:A) Semiconductor Products Group by Kohlberg Kravis Roberts & Co. (KKR) and Silver Lake Partners in a $2.66 billion transaction announced Aug. 15, 2005, and completed today.
"Our strategy is to leverage our substantial intellectual property, design expertise and system-level knowledge to win in our markets," said Dick Chang, president and CEO of Avago Technologies. "We'll continue to provide the innovative products that enable ...