Broadcom
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 was coming from its semiconductor-based products and 21 percent from its infrastructure software products and services.[1]: 43
This article is about the company renamed as Broadcom from 2016 forward, formerly known as Avago Technologies. For the pre-2016 company by that name, see Broadcom Corporation.Formerly
- HP Associates (1961–1999)
- Agilent Semiconductor Products Group (1999–2005)
- Avago Technologies (2005–2016)
- Broadcom Limited (2016–2018)
- Nasdaq: AVGO
- Nasdaq-100 component
- S&P 100 component
- S&P 500 component
1961
Henry Samueli (chairman)
Hock Tan (president and CEO)
Semiconductor and infrastructure software products
US$35.82 billion (2023)
US$16.21 billion (2023)
US$14.08 billion (2023)
US$72.86 billion (2023)
US$23.99 billion (2023)
c. 20,000 (2023)
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 Ltd., before assuming the present name.
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 Inc. 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]
History[edit]
Origin in Hewlett-Packard[edit]
The company that would later become Broadcom Inc. was established in 1961 as HP Associates, a semiconductor products division of Hewlett-Packard.[9]
The division separated from Hewlett-Packard as part of the Agilent Technologies spinoff in 1999.[10][11]