# Seagate sells SoC operations to Broadcom subsidiary for $600 million

Seagate Technology divested its system-on-chip operations to Avago Technologies International Sales Pte. Limited, a Broadcom subsidiary, for $600 million in cash.

- Type: Acquisition
- Announced: 2024-04-23
- Where: United States
- Value: $600.0M
- Status: completed
- Products: system-on-chip products
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Broadcom](https://endata.com/companies/19514.md) (partner)
- [Seagate Technology](https://endata.com/companies/20723.md) (target)
- [Avago Technologies International Sales Pte. Limited](https://endata.com/companies/28691.md) (acquirer)

## Sources

- [investing.com](https://www.investing.com/news/company-news/seagate-sells-soc-operations-to-broadcom-subsidiary-for-600-million-3391987), 2024-04-23: "Seagate Technology has divested its system-on-chip (SoC) operations to a subsidiary of Broadcom Inc., Avago Technologies International Sales Pte. Limited."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.