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Avago Springs From Agilent
The sale of Agilent's chip business is complete. Now onto multiple IPOs
December 2, 2005
1 Min Read
Agilent completed the sale of its semiconductor business today, christening the privately held spinoff Avago Technologies.
Agilent sold the semiconductor division -- which includes optical transceivers, mostly for the enterprise market -- to private equity firms Kohlberg Kravis Roberts & Co. and Silver Lake Partners in a deal announced in August. (See Agilent Launches Extreme Makeover.
It's the second spinoff for some Agilent veterans, as Agilent itself went public out of Hewlett-Packard Co. (NYSE: HPQ) in 1999.
The new owners aren't making many immediate changes -- not a surprise given Avago's bulk: 6,500 employees across nine product divisions, making it the world's largest privately held chip company.
Craig Matsumoto, Senior Editor, Light ReadingRead the rest of the article on Light Reading
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