Avago

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.

 

 

 

 

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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