Irvine-based chipmaker Broadcom Corp. is set to acquire a startup company in Israel for at least $200 million, two Israeli newspapers reported Tuesday.
Broadcom signed an agreement of intent to buy BroadLight Ltd., which makes chips and software for fiber optic broadband networks, according to the reports.
Word of a Broadcom buy of BroadLight first circulated in December, according to the daily business site themarker.com.
Broadcom has tapped Israel 10 times in the past decade for acquisitions of companies that have brought key pieces for its operations.
Israel’s fertile venture capital financing and emphasis on funding of early stage technology companies is an attractive combination, local executives have told the Business Journal.
Broadcom specializes in communication chips that go in tablets, smart phones, set-top boxes, broadband modems, networking gear and other products.
Last month Broadcom closed its $3.7 billion buy of NetLogic Microsystems Inc. in Santa Clara, its most expensive acquisition to date and one of the priciest among chipmakers in recent years.
