By Dana Mattioli, Dana Cimilluca and Shayndi Raice 

Broadcom Corp. is in talks to be bought by Avago Technologies Ltd., in what would be the latest in a recent string of mergers in the semiconductor industry.

It's not clear what terms the companies are discussing or when a deal could be inked--if there's one at all--but Broadcom had a market value of $28 billion as of Wednesday afternoon. Avago's was about $34 billion.

Write to Dana Mattioli at dana.mattioli@wsj.com, Dana Cimilluca at dana.cimilluca@wsj.com and Shayndi Raice at shayndi.raice@wsj.com

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