SAN FRANCISCO—Private equity firm Kohlberg Kravis Roberts & Co. (KKR) unloaded 10.9 million shares of Avago Technologies Ltd. last week reducing its stake in the analog chip vendor to 16 percent from 21 percent, according to a Dow Jones report.
Last week, Avago (Singapore) announced the sale of 25 million ordinary shares by certain existing shareholders to Deutsche Bank Securities and Barclays Capital, as underwriters in the registered public offering of those shares.
KKR sold its shares for $27.25 each on Jan. 21, Dow Jones reported, citing a regulatory filing.
Avago's stock closed at $28.02 Tuesday (Jan. 25), down 8 cents from the previous close. The stock was up nearly 2 percent to $28.57 in after hours trading.
Also Tuesday, Avago rolled out several new precision optical isolation amplifiers for motor control and current sensing applications.
David Patterson, known for his pioneering research that led to RAID, clusters and more, is part of a team at UC Berkeley that recently made its RISC-V processor architecture an open source hardware offering. We talk with Patterson and one of his colleagues behind the effort about the opportunities they see, what new kinds of designs they hope to enable and what it means for today’s commercial processor giants such as Intel, ARM and Imagination Technologies.