Broadcom sells Ethernet controller assets
Broadcom has completed the sale of certain Ethernet controller-related assets to QLogic for approximately $147m (USD) in cash. The sale includes certain 10/40/100Gb Ethernet controller-related assets and non-exclusive licenses to intellectual property relating primarily to the company's programmable NetXtreme II Ethernet controller family.
In connection with the transaction, Broadcom and QLogic have entered into a long-term supply agreement whereby Broadcom will become ASIC supplier to QLogic in support of the NetXtreme II product line.
Concurrent with the closing, QLogic has licensed certain Broadcom patents under a non-exclusive patent license agreement that covers QLogic's Fibre Channel products in exchange for a license fee of $62m (USD).
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