Broadcom

Broadcom Inc. is an American <a href="/facts/Multinational_corporation/qrMQSMTb">multinational</a> designer, developer, manufacturer, and global supplier of a wide range of <a href="/facts/Semiconductor/zFf3mGTE">semiconductor</a> and infrastructure software products. Broadcom's product offerings serve the data center, networking, software, broadband, wireless, storage, and industrial markets. As of 2024, some 58 percent of Broadcom's revenue came from its semiconductor-based products and 42 percent from its infrastructure software products and services.: 43 
<a href="/facts/Tan_Hock_Eng/70oPChHN">Tan Hock Eng</a> is the company's president and <a href="/facts/Chief_executive_officer/mg4A8y5M">CEO</a>. The company is headquartered in <a href="/facts/Palo_Alto%2c_California/KJpC7kd8">Palo Alto, California</a>. Avago Technologies Limited changed its name to Broadcom to acquire <a href="/facts/Broadcom_Corporation/gfxCXmfB">Broadcom Corporation</a> in January 2016. Avago's ticker symbol AVGO now represents the merged entity. The Broadcom Corporation ticker symbol BRCM was retired. Initially the merged entity was known as Broadcom Limited, before assuming the current name in November 2017.
In October 2019, the European Union issued an interim antitrust order against Broadcom concerning anticompetitive business practices which allegedly violate <a href="/facts/European_Union_competition_law/FnyVnm3v">European Union competition law</a>.
In May 2022, Broadcom announced an agreement to acquire <a href="/facts/VMware/lKHGULx3">VMware</a> in a cash-and-stock transaction valued at $69 billion. The acquisition was closed on November 22, 2023.
Amid the <a href="/facts/AI_boom/wAPVI1SN">AI boom</a>, the company's market capitalization exceeded US$1 trillion for the first time in December 2024, making Broadcom one of the <a href="/facts/List_of_public_corporations_by_market_capitalization/3zIFBx5h">most valuable companies</a> in the world.

Broadcom open-in-new

Broadcom