WSJ "Broadcom in Talks to Acquire SAS"

Photo by WSJ

[Asia Economy Reporter Yujin Cho] Singapore-based semiconductor company Broadcom is reportedly in talks to acquire U.S. data analytics software firm SAS, according to the Wall Street Journal (WSJ) on the 12th (local time).

WSJ cited anonymous sources, stating that the acquisition price is expected to reach $15 billion to $20 billion (approximately 17 trillion to 23 trillion KRW), and the deal is likely to be finalized within weeks.

Broadcom's market value has risen about 50% over the past year, currently standing at around $200 billion.

Broadcom attempted a hostile takeover of Qualcomm, but the effort was thwarted when former President Donald Trump intervened, citing national security concerns over Broadcom, which has friendly ties with China, acquiring the U.S. company Qualcomm.

Broadcom supplies semiconductors to global IT companies such as Apple, Google, and Amazon. WSJ explained that Broadcom's move to diversify its business into the profitable software sector beyond its core semiconductor business is the background for this acquisition.

As part of its business diversification, Broadcom signed a deal in 2018 to acquire software company CA Technologies for $19 billion. The following year, it acquired the enterprise business of cybersecurity firm Symantec for $10.7 billion.

This content was produced with the assistance of AI translation services.