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 2025—amid the AI boom—Broadcom is one of the largest companies globally, and could be considered part of the Big Tech group and the Magnificent Seven,[4][5] replacing Tesla.[6]
In December 2024, Broadcom became the 12th company to surpass a $1 trillion market cap.[7] As of 2025, some 58% of Broadcom's revenue came from its semiconductor-based products and 42% from its infrastructure software products and services.
Tan Hock Eng is the company's president and CEO.[8][9] The company is headquartered in Palo Alto, California.[10] Avago Technologies Limited changed its name to Broadcom to acquire Broadcom Corporation 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 European Union competition law.[11]
In May 2022, Broadcom announced an agreement to acquire VMware in a cash-and-stock transaction valued at $69 billion. The acquisition was closed on November 22, 2023.[12]
History
Origin in Hewlett-Packard
The company that would later become Broadcom Inc. was established in 1961 as HP Associates, a semiconductor products division of Hewlett-Packard.[13]
The division separated from Hewlett-Packard as part of the Agilent Technologies spinoff in 1999.[14][15]
Formation of Avago Technologies
KKR and Silver Lake Partners acquired the Semiconductor Products Group of Agilent Technologies in 2005 for $2.6 billion and formed Avago Technologies.
Corporate affairs
Finances
For the fiscal year 2023, Broadcom reported earnings of US$14.08 billion, with an annual revenue of US$35.8 billion, an increase of 7.8% over the previous fiscal cycle.
Ownership
The 10 largest shareholders of Broadcom in early 2024 were:[97]
- The Vanguard Group (10.03%)
- BlackRock (7.63%)
- Capital World Investors (4.53%)
- Capital International Investors (4.04%)
- State Street Corporation
Products
Broadcom sells a range of semiconductor and infrastructure software applications that serve the data center (mainframes), networking, software, broadband, wireless, and storage and industrial markets.[98] Common applications for its products include: data center networking, home connectivity, broadband access, telecommunications equipment, smartphones, base stations, data center servers and storage, factory automation, power generation and alternative energy systems, displays, and mainframe operations and management, and application software development.
Broadcom's core technologies and franchise products include networking devices, optical technologies, network interface controllers and data storage.[99] Vendors have included Broadcom NICs in their products. For example, select Dell PowerEdge blade servers have Broadcom-powered Ethernet port adapters as an add-in card.[100] Other vendors such as Apple, Hewlett Packard Enterprise, and Raspberry Pi
External links
References
- US SEC: FY 2025 Form 10-K Broadcom Inc. U.S. Securities and Exchange Commission, December 18, 2025^
- A second life for chip plant The Register-Guard, 12 November 2015^
- Agilent semiconductors group becomes Avago