Cypress to acquire Broadcom's Wireless IoT ops

(Telecompaper) Cypress Semiconductor has agreed to acquire Broadcom 's Wireless Internet of Things (IoT) business and related assets in an all-cash transaction valued at USD 550 million. Under the terms of the deal, Cypress will buy Broadcom's Wi-Fi, Bluetooth and Zigbee IoT product lines and intellectual property, along with its WICED brand and developer ecosystem.