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Broadcom wins U.S. antitrust consent to buy Brocade -FTC

WASHINGTON, July 3 (Reuters) - Chipmaker Broadcom Limited has won U.S. antitrust approval to buy Brocade Communications Systems, the Federal Trade Commission said on Monday.

The $5.5 billion deal, which already has won approval in Europe and Japan, is the latest in the chip industry as companies bulk up in response to growing demand for chips in connected devices and cars.

As a condition of approval, Broadcom agreed to build...