Agilent Technologies
The company that would later become Broadcom Inc. was established in 1961 as a semiconductor products division of Hewlett-Packard. The division separated from Hewlett-Packard as part of Agilent Technologies in 1999. KKR and Silver Lake Partners acquired the chip division of Agilent Technologies in 2005 for $2.6 billion and formed Avago Technologies. Avago Technologies agreed to sell its I/O solutions unit to PMC-Sierra for $42.5 million in October 2005. In August 2008, the company filed an initial public offering of $400 million. In October 2008, Avago Technologies acquired Infineon Technologies' Munich-based bulk acoustic wave business for €21.5 million.