Broadcom

This article is about the business formerly known as Avago which was renamed after the company it took over. For the original Broadcom prior to the 2016 takeover, see Broadcom Corporation.
"Avago" redirects here. For the Irish/UK television channel, see Avago (TV channel).

Broadcom Inc.
Formerly
  • HP Associates (1961–1999)
  • Agilent Semiconductor Products Group (1999–2005)
  • Avago Technologies (2005–2016)
  • Broadcom Limited (2016–2018)
Company typePublic
Industry
Founded1961; 63 years ago (1961)
HeadquartersStanford Research Park,
Palo Alto, California
,
U.S.
Key people
Henry Samueli (chairman)
Hock Tan (president and CEO)
ProductsSemiconductor and infrastructure software products
RevenueIncrease US$35.82 billion (2023)
Increase US$16.21 billion (2023)
Increase US$14.08 billion (2023)
Total assetsDecrease US$72.86 billion (2023)
Total equityIncrease US$23.99 billion (2023)
Number of employees
≈ 40,000 (June 2024)
SubsidiariesVMware
Websitebroadcom.com
Footnotes / references
[1][2][3]

Broadcom Inc. is an American multinational designer, developer, manufacturer, and global supplier of a wide range of semiconductor and infrastructure software products. Broadcom's product offerings serve the data center, networking, software, broadband, wireless, storage, and industrial markets. As of 2023, some 79 percent of Broadcom's revenue came from its semiconductor-based products and 21 percent from its infrastructure software products and services.[1]: 43 

Tan Hock Eng is the company's president and CEO.[4][5] The company is headquartered in Palo Alto, California.[6] Avago Technologies Limited took the Broadcom part of the Broadcom Corporation name after acquiring it in January 2016. The ticker symbol AVGO which represented old Avago now represents the newly merged entity. The Broadcom Corporation ticker symbol BRCM was retired. At first the merged entity was known as Broadcom Limited, before assuming the present name in November 2017.

In October 2019, the European Union issued an interim antitrust order against Broadcom concerning anticompetitive business practices which allegedly violate European Union competition law.[7]

In May 2022, Broadcom announced an agreement to acquire VMware in a cash-and-stock transaction valued at $69 billion. The acquisition was closed on November 22, 2023.[8]

  1. ^ a b "US SEC: 2023 Form 10-K Broadcom Inc". U.S. Securities and Exchange Commission. 14 December 2023.
  2. ^ "A second life for chip plant". The Register-Guard. 12 November 2015.
  3. ^ "Agilent semiconductors group becomes Avago". ledsmagazine.com. 1 December 2005.
  4. ^ Andrew Meola (26 February 2014). "Why Avago Technologies (AVGO) Is Up Today". The Street. Retrieved 2 January 2015.
  5. ^ Steve Johnson (16 December 2013). "Avago offers $6.6 billion for San Jose chipmaker LSI". Contra Costa Times. Retrieved 2 January 2015.
  6. ^ "2023 Broadcom Inc. Form 10-K".
  7. ^ Michaels, Daniel (16 October 2019). "Broadcom Ordered by EU to Halt Allegedly Anticompetitive Practices". Wall Street Journal.
  8. ^ Oi, Mariko (22 November 2023). "Chipmaker Broadcom completes $69bn deal to buy VMware". BBC News. Archived from the original on 30 November 2023.