Broadcom said today it has agreed to buy NetLogic Microsystems for $3.7 billion as part of a move to consolidate its presence in the communications chip market.

The deal shows that the communications chip market is still a high stakes battle, as Broadcom tries to fight with a variety of rivals from Intel to Qualcomm.

via Broadcom buys NetLogic Microsystems for $3.7B | VentureBeat.