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The title is misleading - Cypress only acquired BroadCom's Internet of Things business, and it happened last April.

http://www.cypress.com/news/cypress-acquire-broadcom-s-wirel...

"Under the terms of the deal, Broadcom will continue to focus on its wireless connectivity solutions for the access and mobility segments that are not IoT related, including serving set-top box, wireless access, smartphone, laptop and notebook customers. Cypress will capitalize on the rapidly growing Wi-Fi and Bluetooth connectivity (17% per year) markets in consumer, industrial and automotive IoT segments."



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