Broadcom Inc. is an American multinational company known for its diverse portfolio of semiconductor and infrastructure software products. Serving markets such as data center, networking, software, broadband, wireless, storage, and industrial sectors, Broadcom is a global supplier of technology solutions. As of 2023, the company derived 79 percent of its revenue from semiconductor-based products and 21 percent from infrastructure software products and services.
Led by President and CEO Tan Hock Eng, Broadcom is headquartered in Palo Alto, California. The company’s roots trace back to Avago Technologies Limited, which acquired the Broadcom Corporation name in January 2016. This merger led to the retirement of the Broadcom Corporation ticker symbol BRCM, with AVGO representing the newly merged entity. Initially known as Broadcom Ltd., the company later assumed its present name.
Despite its success, Broadcom has faced regulatory challenges. In October 2019, the European Union issued an interim antitrust order against the company, citing concerns about anticompetitive business practices. Despite this, Broadcom continues to expand its reach and offerings. In May 2022, it announced a landmark agreement to acquire VMware in a transaction valued at $69 billion. The acquisition was completed on November 22, 2023, further solidifying Broadcom’s position as a major player in the technology industry.