Broadcom Completes Acquisition of LTE-Related Assets from Affiliates of Renesas Electronics Corporation

   Broadcom Completes Acquisition of LTE-Related Assets from Affiliates of
                       Renesas Electronics Corporation

PR Newswire

IRVINE, Calif., Oct. 1, 2013

IRVINE, Calif., Oct. 1, 2013 /PRNewswire/ --Broadcom Corporation (NASDAQ:
BRCM), a global innovation leader in semiconductor solutions for wired and
wireless communications, today announced it has completed its acquisition of
LTE-related assets from affiliates of Renesas Electronics Corporation for
approximately $164 million. The acquisition is expected to accelerate
availability of Broadcom'smultimode, carrier-validated LTE SoC platform. For
more news, visit Broadcom's Newsroom.

Broadcom will include Renesas' contribution to financial performance in its
fourth quarter earnings results. 

About Broadcom
Broadcom Corporation (NASDAQ: BRCM), a FORTUNE 500® company, is a global
leader and innovator in semiconductor solutions for wired and wireless
communications. Broadcom® products seamlessly deliver voice, video, data and
multimedia connectivity in the home, office and mobile environments. With the
industry's broadest portfolio of state-of-the-art system-on-a-chip and
embedded software solutions, Broadcom is changing the world by Connecting
everything®. For more information, go to

Cautions Regarding Forward-Looking Statements
All statements included or incorporated by reference in this release, other
than statements or characterizations of historical fact, are forward-looking
statements within the meaning of the federal securities laws, including the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements are based on our current expectations, estimates and projections
about our industry and business, management's beliefs, and certain assumptions
made by us, all of which are subject to change. Forward-looking statements can
often be identified by words such as "anticipates," "expects," "intends,"
"plans," "predicts," "believes," "seeks," "estimates," "may," "will,"
"should," "would," "could," "potential," "continue," "ongoing," similar
expressions, and variations or negatives of these words. Examples of such
forward-looking statements include, but are not limited to, references to the
availability of Broadcom's first multimode carrier-validated LTE SoC platform
and the potential benefits of the transaction. These forward-looking
statements are not guarantees of future results and are subject to risks,
uncertainties and assumptions that could cause our actual results to differ
materially and adversely from those expressed in any forward-looking

Important risk factors that may cause such a difference for Broadcom in
connection with the transaction include, but are not limited to the risks
inherent in acquisitions of technologies and businesses, including the timing
and successful completion of technology and product development through volume
production; business and employee integration and restructuring issues, costs
and unanticipated expenditures; changing relationships with customers,
suppliers and strategic partners; potential contractual, intellectual property
or retention or other employment issues, unanticipated disruption or costs
related to services to be provided by Renesas to Broadcom in connection with
the transaction; and charges resulting from restructuring, purchase accounting
adjustments or fair value measurements; and unexpected variations in market
growth and demand for LTE products and related technologies.

Broadcom's Annual Report on Form 10-K for the year ended December 31, 2012,
subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K,
and other Securities and Exchange Commission filings discuss the foregoing
risks as well as other important risk factors that could contribute to such
differences or otherwise affect our business, results of operations, financial
condition, or the guidance provided today. The forward-looking statements in
this release speak only as of this date. We undertake no obligation to revise
or update publicly any forward-looking statement to reflect future events or

Broadcom^®, the pulse logo, Connecting everything® and the Connecting
everything logo are among the trademarks of Broadcom Corporation and/or its
affiliates in the United States, certain other countries and/or the EU. Any
other trademarks or trade names mentioned are the property of their respective

Press                          Investors
Karen Kahn                     Chris Zegarelli
Vice President, Communications Sr. Director, Investor Relations
415-297-5035                   949-926-7567   

SOURCE Broadcom Corporation; BRCM Corporate

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