Yes, it's a pity ex Philips NXP is doing so little and Texas Instruments gave up doing phone chips and then swallowed National Semiconductor.
Motorola Semi is split now into two also rans.
As fab building costs rise and markets become commoditised (Apple original iPhone almost stock parts) and fewer gadget makers, now just using bought in chips and not designing them, such consolidation is inevitable.
There are a tiny fraction of the companies making Semis today as there were in 1960s to 1980s.
Sanyo, Toshiba, Sony, Panasonic (Mitsushiba) all used to develop loads of chips.
The UK (Inmos, Ferranti, Plessey) all gone
Intermetal, Telefunken, Siemens ..?
I think this ex HP Avago purchase saves Broadcom.