Avago, the world's largest non-listed independent semiconductor company, begins operations

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Avago, the world's largest non-listed independent semiconductor company, begins operations [Copy link]

　　Avago Technologies, the world's largest non-listed independent semiconductor company, begins operations

　　On December 2, 2005, Avago Technologies announced the completion of relevant procedures to establish the world's largest non-listed independent semiconductor company. Avago Technologies' predecessor was the semiconductor products division of Agilent Technologies (NYSE: A), which Kohlberg Kravis Roberts & Co. (KKR) and Silver Lake Partners announced on August 15, 2005 to acquire for $2.66 billion. The acquisition was officially completed on December 1, 2005.

　　Dick Chang, president and CEO of Avago Technologies, said, "Our strategy is to use our rich intellectual property, design experience and system-level knowledge to win the market. We will continue to provide customers with innovative products and support customers to stay at the forefront of the market. At the same time, we will continue to improve profitability through a highly flexible and low-cost operating model; we will also play the advantages of the company's independent operation and develop an efficient independent cost operating structure."

　　Mr. Li Ting, General Manager of Avago Technologies China and Hong Kong, said: "We have been actively expanding our business in the Chinese market and have maintained a good growth momentum. We will continue to deepen our cooperation with Chinese customers and take advantage of the increasingly mature domestic semiconductor industry to provide more comprehensive services to the Chinese market."

　　Avago (pronounced a-va'-go) Technologies has more than 5,500 product lines, mainly used in a wide range of applications and end markets such as wireless and wired communications, industry, automobiles, consumer electronics, storage and computers. It has always maintained a top 3 market leadership in optocouplers, infrared transceivers, optical communication devices, printer ASICs, optical mouse sensors and motion control encoders. Avago's products are sold to more than 40,000 customers worldwide through a global network of agents and direct sales teams.

　　Avago Technologies is headquartered in San Jose, California and Singapore, and currently has 6,500 employees, including 1,000 analog circuit design engineers. Avago Technologies has a unique competitive advantage in the market with its efficient supply chain management, a strong global distribution network and a highly flexible low-cost operation model. Avago Technologies has more than 35 years of operating history in Asia. Currently, about three-quarters of its employees are located in Asia, and most of its products are also produced in Asia. Avago Technologies' investment in Asia makes it closer to customer needs and the center of the global electronics supply chain. In addition, Avago Technologies also has strong design and product development resources around the world, with six design centers in Asia, four design centers in the United States, and two in Europe.