The Consolidator Makes a Rare Public Appearance: Hock Tan's Top Ten List
On Saturday I attended the Chinese American Semiconductor Professional Association (CASPA) annual conference and dinner. You might have noticed that I am not Chinese 可是我会说中文,虽然我不是流利。I seem to have been a sort of honorary member since I moderated a panel for them a few years ago.
The dinner keynote was by Hock Tan, the CEO of Avago. This was originally the semiconductor division of HP. When HP was split in 1999 and Agilent was spun out, it was part of Agilent. Then KKR and Siliverlake did a leveraged buyout of the division and created Avago. It has done various acquisitions and divestitures, the most notable being LSI Logic and, still pending, Broadcom. In fact the company plans to change its name to Broadcom following the acquisition.
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