Cisco was seeking a court order to close the deal following the announcement.
The Taiwanese chipmaker's advanced semiconductor fabrication campus could generate 1,900 new jobs over the next five years.
The semiconductor manufacturer also reported earnings beat expectations.
The companies will meet on Wednesday even though Qualcomm has rejected its rival's improved $121 billion takeover offer as inadequate.
But concern arises about slowing momentum in the semiconductor maker's data-center division.
The chipmaker's CEO, Steve Mollenkopf, says "the current structure is the best way to execute on our strategy."
The transaction creates a "diversified leader in wired and wireless communication semiconductors," says Avago's chief executive.
