Communications giant Broadcom has acquired technology company NetLogic for £2.3 billion.

The move comes as Broadcom seeks to promote the adoption of NFC technology through chip integration with smartphones ahead of major consumer uptake.

The acquisition for £2.35 billion will allow Broadcom to extend communication chip product lines and follows on from the purchase of security services company SC Square and wireless chip maker Beceem this year.

Michael Hurlston, senior vice president of Broadcom's Mobile and Wireless Group, said: "When we were able to do a combo device with Bluetooth and wireless LAN, it really made Wi-Fi go to a 100 percent attach rate in the smartphone,” adding, "We think that by doing something similar with NFC, it will accelerate and further drive the adoption of NFC."