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The Calilfornia-based company has been working closely with clients including Apple, Nvidia, Intel and AMD on next-generation chip designs.

The alliance will promote and contribute documentation and use cases, collaborating with other standardization efforts.

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The deal could be fully financed by debt, and Broadcom could scale down Intel's client business, which makes personal-computer chips, "by pruning" businesses, Kumar wrote. "Similar to previous deals, ...