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Broadcom Is One Semiconductor Company in the Chips

The former Avago said in May it was buying Broadcom in a blockbuster $37 billion merger. The deal was recently completed and what has been reborn as Broadcom (AVGO - Get Report) has become the semiconductor company to beat.

The acquisition of Broadcom has created a best-in-class semiconductor company that trades below its peers. The merged company has commanding positions in wireless, wired infrastructure, industrial markets and enterprise storage.

In its first report as a merged company Broadcom reported $3.7 billion in revenue versus the consensus estimate of $3.55 billion. Aided by a string acquisitions, revenue is estimated to rise 90% in fiscal 2016 and about 23% next year.

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