BROADCOM INC.- AVGO

 

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Company Overview

Broadcom’s story began in 1961 as HP Associates, a semiconductor products division of Hewlett-Packard. It later separated from Hewlett-Packard as part of the Agilent Technologies spinoff in 1999. Avago Technologies Limited acquired the Semiconductor Products Group of Agilent Technologies in 2005 and formed Avago Technologies. Avago went public in 2009.

Avago made several strategic acquisitions to expand its portfolio, including CyOptics in 2013 and LSI Corporation in 2013. In 2015, Avago announced its acquisition of Broadcom Corporation, forming Broadcom Ltd., which became Broadcom Inc. in 2018. This move marked Broadcom’s transition from a semiconductor-focused company to one with a diversified portfolio, including infrastructure software.

In recent years, Broadcom has continued its expansion through acquisitions. It acquired CA Technologies in 2018 and Symantec’s enterprise security business in 2019, further diversifying its software offerings. In 2022, Broadcom announced its agreement to acquire VMware for $69 billion, consolidating its position in the virtualization and cloud computing software market.


Throughout its history, Broadcom has faced regulatory scrutiny, particularly regarding anticompetitive practices. However, it has continued to grow and innovate, becoming a key player in the semiconductor and infrastructure software industries.

Today, Broadcom Inc. is a multinational company headquartered in Palo Alto, California. Led by President and CEO Tan Hock Eng, it offers a wide range of semiconductor and infrastructure software products serving various markets, including data center, networking, wireless, and industrial sectors. As of 2023, the majority of Broadcom’s revenue came from its semiconductor-based products, with the remainder from infrastructure software products and services. With its extensive product offerings and global reach, Broadcom remains a significant player in the technology industry.

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