Intel to pay $650M to buy LSI networking business from Avago

Intel has agreed to acquire for US$650 million in cash a networking business and related assets from Avago Technologies, the companies said Wednesday. The acquisition will boost Intel's strategy for transforming wireless access into an intelligent, flexible network based on standard building blocks, wrote Rose Schooler, general manager of the Communications Infrastructure Division within the Intel Intelligent Systems Group, in a blog post. Avago, a vendor of analog semiconductor devices, is dive...