Broadcom

The company that would later become Broadcom Inc. was established in 1961 as HP Associates, a semiconductor products division of Hewlett-Packard.{{Cite book |last=Unoki |first=Ko |url=https://books.google.com/books?id=WAW5DwAAQBAJ&q=1961+broadcom+hewlett+semiconductor&pg=PT121 |title=Competition Laws, National Interests and International Relations |date=2019-10-28 |publisher=Routledge |isbn=978-1-000-75989-1 |language=en}}

The division separated from Hewlett-Packard as part of the Agilent Technologies spinoff in 1999.{{Cite web |last=Chris Mellor |date=16 December 2013 |title=Avago Technologies chomps up LSI for BEELLLIONS - in CASH |url=https://www.theregister.co.uk/2013/12/16/lsi_being_bought_for_beelions/ |publisher=The Register}}{{Cite web |date=14 August 2014 |title=Intel Corporation Acquires Avago's Networking Business |url=http://www.valuewalk.com/2014/08/intel-corporation-acquires-avagos-networking-business/ |access-date=2 January 2015 |publisher=ValueWalk}}

File:Avago Technologies logo.svg

KKR and Silver Lake Partners acquired the Semiconductor Products Group of Agilent Technologies in 2005 for $2.6 billion and formed Avago Technologies. Avago Technologies agreed to sell its I/O solutions unit to PMC-Sierra for $42.5 million in October 2005.{{Cite web |date=5 December 2005 |title=Agilent chip group reborn as Avago |url=http://www.eetimes.com/document.asp?doc_id=1157941 |access-date=2 January 2015 |publisher=EE Times}}

In August 2008, the company filed an initial public offering of $400 million.{{Cite web |title=LED maker Avago Technologies Ltd. files for IPO |url=http://www.ledsmagazine.com/articles/2008/09/led-maker-avago-technologies-ltd-files-for-ipo.html |access-date=2 January 2015 |work=LEDs Magazine|date=2 September 2008 }}{{Cite web |date=25 August 2008 |title=Avago Technologies (AVGO) Files $400M IPO |url=http://www.streetinsider.com/IPOs/Avago+Technologies+(AVGO)+Files+$400M+IPO/3938918.html |access-date=2 January 2015 |publisher=Street Insider}} In October 2008, Avago Technologies acquired Infineon Technologies' Munich-based bulk acoustic wave business for €21.5 million.{{Cite web |last=Richard Wilson |date=1 October 2008 |title=Avago buys Infineon RF filter design team |url=http://www.electronicsweekly.com/news/business/avago-buys-infineon-rf-filter-design-team-2008-10/ |archive-url=https://web.archive.org/web/20150105031216/http://www.electronicsweekly.com/news/business/avago-buys-infineon-rf-filter-design-team-2008-10 |archive-date=5 January 2015 |publisher=Electronics Weekly}}

On 6 August 2009, Avago Technologies went public on NASDAQ with the ticker symbol AVGO.{{Cite web |last=Himanshu Arora |date=17 December 2013 |title=Singapore's Avago to buy storage chip maker LSI for $6.6 billion |url=http://www.techspot.com/news/55034-singapores-avago-to-buy-storage-chip-maker-lsi-for-66-billion.html |access-date=2 January 2015 |publisher=Techspot}}

File:IPhone 5s (model A1457) - mainboard - Avago A790720-6702.jpg

Avago Technologies announced its agreement to acquire CyOptics, an optical chip and component supplier, for $400 million in April 2013.{{Cite web |last=Valerie Coffey |date=19 April 2013 |title=CyOptics Acquired for $400M by Avago Technologies |url=http://www.osa-opn.org/home/industry/2013/april/cyoptics_acquired_for_$400m_by_avago_technologies/?feed=Industry#.VEUtS_ldU64 |access-date=2 January 2015 |publisher=OSA}}{{Cite web |date=12 April 2013 |title=Avago Technologies to buy CyOptics |url=http://www.eetindia.co.in/ART_8800683786_1800006_NT_1d8c3832.HTM |url-status=dead |archive-url=https://web.archive.org/web/20150103090553/http://www.eetindia.co.in/ART_8800683786_1800006_NT_1d8c3832.HTM |archive-date=3 January 2015 |access-date=2 January 2015 |publisher=EET India}} The acquisition aimed to expand Avago Technologies' fiber optics product portfolio. In October 2013, Avago Technologies invested $5 million in Amantys, a power electronics technology provider, as part of a strategic investment agreement between the two companies.{{Cite web |last=Paul Buckley |date=1 October 2013 |title=Avago Technologies makes strategic investment in Amantys |url=http://www.electronics-eetimes.com/en/avago-technologies-makes-strategic-investment-in-amantys.html?cmp_id=7&news_id=222918469 |archive-url=https://web.archive.org/web/20140427170752/https://www.electronics-eetimes.com/en/avago-technologies-makes-strategic-investment-in-amantys.html?cmp_id=7&news_id=222918469 |archive-date=27 April 2014 |access-date=2 January 2015 |publisher=EE Times}}

Avago Technologies announced its agreement to acquire LSI Corporation in December 2013 for $6.6 billion.{{Cite web |last=Alex Saltarin |date=17 December 2013 |title=Avago Technologies buys chip maker LSI Corp for $6.6 bn |url=http://www.techtimes.com/articles/2085/20131217/avago-technologies-buys-chip-maker-lsi-corp-6-bn.htm |access-date=2 January 2015 |publisher=Tech Times}}{{Cite news |last=Barr |first=Alistair |date=16 December 2013 |title=Avago agrees to buy LSI for $6.6 billion |work=USA Today |url=https://www.usatoday.com/story/tech/2013/12/16/avago-lsi-acquisition/4038113/}}{{Cite web |last=Michael J. De La Merced |date=16 December 2013 |title=Avago to Buy LSI for $6.6 Billion |url=https://dealbook.nytimes.com/2013/12/16/avago-to-buy-lsi-for-6-6-billion/ |access-date=2 January 2015 |newspaper=New York Times DealBook}} The acquisition helped move Avago Technologies away from specialized products and towards a more mainstream industry, which included chips, especially storage for data centers.

The company sold its SSD controller business to Seagate Technology in May 2014.{{Cite web |last=Dave Altavilla |date=21 January 2014 |title=LSI Set To Take PCI Express SSDs Mainstream With SandForce SF3700 Controller |url=https://www.forbes.com/sites/davealtavilla/2014/01/21/lsi-set-to-take-pci-express-ssds-mainstream-with-sandforce-sf3700-controller/ |access-date=2 January 2015 |website=Forbes}} In August 2014, the company was the ninth-largest semiconductor company.{{Cite web |last=Soid Ahmad |date=29 August 2014 |title=Don't Ignore These Catalysts |work=Seeking Alpha |url=http://seekingalpha.com/article/2459575-avago-technologies-dont-ignore-these-catalysts |access-date=2 January 2015 }} Avago Technologies agreed to sell LSI's Axxia Networking business to Intel for $650 million.{{Cite web |date=14 August 2014 |title=Intel acquires Avago networking business for US$650m |url=http://www.themalaymailonline.com/money/article/intel-acquires-avago-networking-business-for-us650m |access-date=2 January 2015 |publisher=Malay Mail Online}} The company also agreed to buy PLX Technology, an integrated circuits designer, for $309 million.{{Cite web |last=Sarah Drake |date=23 June 2014 |title=Avago to buy PLX Technology in $309M deal |url=http://www.bizjournals.com/sanjose/news/2014/06/23/avago-to-buy-plx-technology-in-309m-deal.html |access-date=2 January 2015 |publisher=Silicon Valley Business Journal}} In February 2015, it was announced that Avago Technologies Limited had reached an agreement to acquire Emulex Corporation for $8 per share in cash.{{Cite web |title=Avago Financial News 2015-02-25 |url=http://www.avagotech.com/pages/news/ |url-status=dead |archive-url=https://web.archive.org/web/20150313201021/http://www.avagotech.com/pages/news |archive-date=13 March 2015 |access-date=28 February 2015}}

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On 28 May 2015, Avago announced that it would buy Broadcom Corporation{{Cite web |date=28 May 2015 |title=Broadcom to be Acquired by Avago Technologies for $37B |url=https://www.bloomberg.com/news/videos/2015-05-28/broadcom-to-be-acquired-by-avago-technologies-for-37b |access-date=28 May 2015 |publisher=Bloomberg}} for $37 billion ($17 billion cash and $20 billion in shares).{{Cite web |date=28 May 2015 |title=Avago to buy Broadcom in $37 billion deal |url=https://www.cnbc.com/2015/05/28/avago-to-buy-broadcom-for-37b-in-cash-and-stock.html |access-date=28 May 2015 |publisher=CNBC}} The combined company, which would be named Broadcom Ltd., would have annual revenue of $15 billion and a market value of $77 billion.{{Cite news |last=Nicole Arce |date=29 May 2015 |title=Avago To Acquire Rival Firm Broadcom For $37 Billion: Should Intel Worry? |work=Tech Times. |url=http://www.techtimes.com/articles/56450/20150529/avago-to-acquire-rival-firm-broadcom-for-37-billion-should-qualcomm-worry.htm |access-date=20 September 2016}} Broadcom Corp. strengthened Avago Technologies' patent position significantly in sectors such as mobile, the data center, and the Internet of Things and made the company the ninth largest holder of patents among the top semiconductor vendors, according to an analysis by technology consulting firm LexInnova.{{Cite web |title=Avago/Broadcom Create Patent Powerhouse |url=http://www.eetimes.com/author.asp?section_id=36&doc_id=1326798 |website=EETimes}} According to the company's website, the transaction closed on 1 February 2016.{{Cite web |title=Investor Center |url=http://investors.avagotech.com/phoenix.zhtml?c=203541&p=irol-newsArticle&ID=2133869}}

In May 2016, Cypress Semiconductor announced that it will acquire Broadcom Corporation's full portfolio of IoT products for $550 million. Under the deal, Cypress acquires Broadcom's IoT products and intellectual property for Wi-Fi, Bluetooth and Zigbee connectivity, as well as Broadcom's WICED platform and SDK for developers. The deal combined Broadcom's developer tools and connectivity technologies for IoT devices with Cypress' own programmable system-on-a-chip (SoC) products that provide memory, computing and graphics processing for low-power devices.

BI Intelligence, Business Insider. "[http://www.businessinsider.com/cypress-semiconductor-acquires-broadcoms-iot-chip-business-2016-5 Cypress Semiconductor acquires Broadcom's IoT chip business]." May 4, 2016. May 9, 2016

In 2016, Broadcom proposed merging with Brocade Communications Systems. The acquisition proposal included a $5.5 billion price and was offered in cash.{{Cite news |last=Bray |first=Chad |date=2016-11-02 |title=Broadcom to Buy Brocade Communications for $5.5 Billion |language=en-US |work=The New York Times |url=https://www.nytimes.com/2016/11/03/business/dealbook/broadcom-to-buy-brocade-communications-for-5-5-billion.html |access-date=2023-08-24 |issn=0362-4331}} It was delayed for review by the Committee on Foreign Investment in the United States. On 2 November 2017, Broadcom announced it would relocate its legal address from Singapore to Delaware, which would avoid the review.{{Cite news |last1=Miller |first1=Zeke |last2=O'Brien |first2=Matt |date=2 November 2017 |title=Trump announces company's return to US |work=Washington Times |agency=Associated Press |url=https://www.washingtontimes.com/news/2017/nov/2/trump-announces-companys-return-to-us/ |access-date=2 November 2017}} This action was linked to the parent company being renamed from Broadcom Limited to Broadcom Inc.{{Cite web |title=Broadcom Inc. from Broadcom Ltd. |url=https://www.sec.gov/Archives/edgar/data/1730168/000119312518094342/d548679d8k.htm |website=sec.gov |publisher=U.S. Securities and Exchange Commission}} The pre-2016-merger Broadcom, Broadcom Corporation, remains a wholly owned subsidiary of the renamed parent Broadcom Inc.

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In mid-November 2017, Broadcom proposed to purchase Qualcomm for US$130 billion, which was rebuffed by Qualcomm's board.{{Cite news |date=14 November 2017 |title=Chipmaker Qualcomm spurns $130 billion Broadcom merger bid |work=Japan Times |agency=AFP-JIJI |url=https://www.japantimes.co.jp/news/2017/11/14/business/chip-maker-qualcomm-spurns-130-billion-broadcom-merger-bid/ |access-date=3 December 2017 |archive-date=4 December 2017 |archive-url=https://web.archive.org/web/20171204061137/https://www.japantimes.co.jp/news/2017/11/14/business/chip-maker-qualcomm-spurns-130-billion-broadcom-merger-bid/ |url-status=dead }} The proposed hostile takeover, which was later revised to $117 billion, was blocked by the Trump administration by an executive order that cited national security concerns.{{Cite news |date=12 March 2018 |title=Trump Blocks Broadcom Takeover of Qualcomm on Security Risks |newspaper=Bloomberg.com |url=https://www.bloomberg.com/news/articles/2018-03-12/trump-issues-order-to-block-broadcom-s-takeover-of-qualcomm-jeoszwnt |via=www.bloomberg.com}}{{Cite news|date=2018-03-13|title=Trump blocks Broadcom's bid for Qualcomm on security grounds|language=en-GB|work=BBC News|url=https://www.bbc.com/news/business-43380893|access-date=2021-09-28}}{{Cite web|last=Aiello|first=Chloe|date=2018-03-12|title=Trump blocks Broadcom-Qualcomm deal, citing national security concerns|url=https://www.cnbc.com/2018/03/12/trump-issues-order-prohibiting-broadcoms-bid-to-take-over-qualcomm.html|access-date=2021-09-28|website=CNBC|language=en}}{{Cite news|date=2018-03-14|title=Timeline: Broadcom-Qualcomm saga comes to an abrupt end|language=en|work=Reuters|url=https://www.reuters.com/article/us-qualcomm-m-a-broadcom-timeline-idUSKCN1GQ22N|access-date=2022-02-12}} Specifically, the Committee on Foreign Investment in the United States expressed concerns. Broadcom, then headquartered in Singapore, was considered too close to China and chipmaker Huawei.{{Cite news |date=2018-03-13 |title=How Fear of Huawei Killed $117 Billion Broadcom Deal |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/news/articles/2018-03-13/how-china-s-huawei-killed-117-billion-broadcom-deal-quicktake |access-date=2023-08-24}}{{Cite web|last=Auto|first=Hermes|date=2018-03-13|title=Trump blocks Singapore-based Broadcom's takeover of Qualcomm, citing national security concerns {{!}} The Straits Times|url=https://www.straitstimes.com/business/trump-signs-order-prohibiting-broadcom-takeover-of-qualcomm|access-date=2022-02-12|website=www.straitstimes.com|language=en}} "A shift to Chinese dominance in 5G would have substantial negative national security consequences for the United States," CFIUS said. "While the United States remains dominant in the standards-setting space currently, China would likely compete robustly to fill any void left by Qualcomm as a result of this hostile takeover." However, critics of the move stated that the decision was motivated by competitiveness more than security concerns. Broadcom withdrew its takeover bid two days after the executive order. Observers have stated that President Trump's decision was as consistent with the balance of trade objectives as it was with security concerns.

Historically a semiconductor-based-only company, the failure of the Qualcomm bid led Broadcom and its CEO to look at acquiring infrastructure software as an alternative way of growing in size. On 11 July 2018, news sources reported that Broadcom and CA Technologies agreed on terms for an $18.9 billion acquisition.{{Cite news |date=11 July 2018 |title=Broadcom Agrees to Buy CA Technologies for $19 Billion |newspaper=Bloomberg.com |url=https://www.bloomberg.com/news/articles/2018-07-11/broadcom-is-said-to-agree-to-buy-ca-technologies-for-19-billion |via=www.bloomberg.com}} CA Technologies, formerly known as Computer Associates, was a longtime giant in software for mainframe computers that had expanded its offerings into software for cloud computing.{{cite news | url=https://www.nytimes.com/2018/07/11/business/broadcom-ca-technologies.html | title=Broadcom Reaches Nearly $19 Billion Deal to Buy CA Technologies | author-first=Steve | author-last= Lohr | author2-first=Michael J. | author2-last=de la Merced | newspaper=The New York Times | date=July 11, 2018}} And on 5 November 2018, Broadcom announced that it had completed the acquisition of CA Technologies.{{Cite web |date=2018-11-05 |title=Broadcom Inc. Completes Acquisition of CA Technologies |url=https://www.broadcom.com/company/news/financial-releases/2375294 |publisher=Broadcom}}

On 9 August 2019, news sources reported that Broadcom had decided to acquire the enterprise security business of Symantec Corporation (the consumer software portion of which is now known as Gen Digital) for $10.7 billion in cash.{{Cite web |title=Broadcom to buy Symantec's enterprise security business for US$10.7 bn |url=http://www.itnews.com.au/news/broadcom-to-buy-symantecs-enterprise-security-business-for-us107-bn-529348 |access-date=2019-08-10 |website=iTnews}} The deal continued Broadcom's push into software critical for corporate infrastructure. And on 4 November 2019, Broadcom announced that it had completed the acquisition of the business, as well as the Symantec name and brand.{{Cite web |title=Broadcom Completes Acquisition of Symantec Enterprise Security Business |url=https://investors.broadcom.com/news-releases/news-release-details/broadcom-completes-acquisition-symantec-enterprise-security |access-date=2019-11-04 |website=Broadcom Inc. |language=en}}{{Cite web |title=Broadcom Completes Acquisition of Symantec Enterprise Unit for $10.7 Billion {{!}} SecurityWeek.Com |url=https://www.securityweek.com/broadcom-completes-acquisition-symantec-enterprise-unit-107-billion |access-date=2020-03-19 |website=www.securityweek.com|date=5 November 2019 }}{{Cite web |date=2019-11-05 |title=Symantec is now NortonLifeLock as Broadcom closes purchase of its enterprise business |url=https://siliconangle.com/2019/11/05/symantec-now-nortonlifelock-broadcom-completes-acquisition-enterprise-business/ |access-date=2020-03-19 |website=SiliconANGLE |language=en-US}}{{Cite web |last=Novet |first=Jordan |date=2019-08-08 |title=Broadcom acquires Symantec's enterprise business for $10.7 billion |url=https://www.cnbc.com/2019/08/08/broadcom-acquires-symantecs-enterprise-business-for-10point7-billion.html |access-date=2020-03-19 |website=CNBC |language=en}}{{Cite web |author=Anthony Spadafora|title=Broadcom completes Symantec deal, rebrands as NortonLifeLock |url=https://www.techradar.com/news/broadcom-completes-symantec-deal-rebrands-as-nortonlifelock |access-date=2020-03-19 |website=TechRadar |date=6 November 2019 |language=en}}

In 2019, Broadcom was announced the fifth best performing stock of the 2010s, with a total return of 1,956%.{{Cite web |last=Hough |first=Jack |title=10 Stocks That Had Better Decades Than Amazon and Google |url=https://www.barrons.com/articles/the-10-best-stocks-of-the-past-decade-51576628081 |access-date=2019-12-19 |website=www.barrons.com |language=en-US}}

In January 2018, it was reported that the FTC had been investigating Broadcom for several months for engaging in anti-competitive tactics while negotiating with customers.{{cite news|last=Cimilluca|first=Dana|date=January 17, 2018|title=FTC Investigates Broadcom Over Negotiations With Customers|work=The Wall Street Journal|location=New York City, New York|url=https://www.wsj.com/articles/ftc-investigates-broadcom-over-negotiations-with-customers-1516212396|access-date=January 18, 2018}} In 2021, Broadcom agreed to settle the antitrust complaint, in which the U.S. Federal Trade Commission claimed that the company abused its monopoly power using restrictive contract terms and threats of retaliation against customers the company deemed "disloyal."

In October 2019, Broadcom was ordered by the European Commission to stop allegedly anticompetitive practices.

In 2021, Broadcom agreed to settle the antitrust complaint which claimed it had abused its monopoly power through restrictive contract terms and threats of retaliation against non-compliant customers.{{Cite news|last=Scarcella|first=Mike|date=2021-08-31|title=Broadcom hires Baker Donelson team for antitrust, tech lobbying|language=en|work=Reuters|url=https://www.reuters.com/legal/litigation/broadcom-hires-baker-donelson-team-antitrust-tech-lobbying-2021-08-31/|access-date=2022-02-12}} Such contract terms are alleged to stifle innovation and harm competition in the global supply market.{{Cite web |last=Presse |first=AFP-Agence France |title=EU Clears US Chipmaker Broadcom's $61 Bn VMware Takeover |url=https://www.barrons.com/news/eu-clears-us-chipmaker-broadcom-s-61-bn-vmware-takeover-20d196dc |access-date=2023-08-24 |website=www.barrons.com |language=en-US}} European Competition Commissioner Margrethe Vestager said that Broadcom's contract terms with six main customers would "create serious and irreversible harm to competition" if no action were taken.{{Cite news|last=Michaels|first=Daniel|date=2019-10-16|title=Broadcom Ordered by EU to Halt Allegedly Anticompetitive Practices|language=en-US|work=The Wall Street Journal|url=https://www.wsj.com/articles/broadcom-ordered-by-eu-to-halt-allegedly-anticompetitive-contract-practices-11571221103|access-date=2022-02-12|issn=0099-9660}} The company agreed to a commitment to suspend agreements containing exclusivity or quasi-exclusivity arrangements and a commitment not to enter into such agreements for seven years.{{cite news |last1=Lomas |first1=Natasha |title=European antitrust regulators settle with Broadcom a year after 'interim measures' flex |url=https://techcrunch.com/2020/10/07/european-antitrust-regulators-settle-with-broadcom-a-year-after-interim-measures-flex/ |work=TechCrunch |date=October 7, 2020}}

In 2017, Broadcom filed patent suits against smart TV manufacturers. The U.S. International Trade Commission ruled in favor of the smart TV manufacturers.{{Cite web|last1=Maddaus|first1=Gene|date=2020-03-14|title=Netflix Accused of Infringing on Broadcom's Video Streaming Patents|url=https://variety.com/2020/biz/news/netflix-lawsuit-broadcom-patent-infringement-1203534368/|access-date=2022-02-12|website=Variety|language=en-US}}

In 2020, Broadcom sued Netflix over multiple patent infringements. Critics have argued that Broadcom is suing Netflix for being more successful,{{Cite web|author=Kieren McCarthy|location=San Francisco|title=Broadcom sues Netflix for its success: You're stopping us making a fortune from set-top boxes, moans chip designer|url=https://www.theregister.com/2020/03/17/broadcom_sues_netflix/|access-date=2022-02-12|website=www.theregister.com|language=en}} citing the declining number of traditional pay television subscribers due to the rise of streaming services.{{Cite web|last=Munson|first=Ben|date=2020-03-17|title=Broadcom sues Netflix over alleged patent infringement that drove more cord cutting|url=https://www.fiercevideo.com/cable/broadcom-sues-netflix-over-alleged-patent-infringement-drove-more-cord-cutting|access-date=2022-02-12|website=Fierce Video|language=en}} The Leichtman Research Group calculated that the largest pay TV providers in the U.S. – representing about 95% of the market – lost about 4,915,000 net video subscribers in 2019. Regular customers each pay $231 a year for their boxes, totaling almost $20 billion per year in profit for the cable industry.

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On January 7, 2020, Accenture PLC agreed to acquire Symantec's 300-person cybersecurity services division from Broadcom.{{Cite web |title=Broadcom sells Symantec's Cyber Security Services business to Accenture |url=https://www.zdnet.com/article/broadcom-sells-symantecs-cyber-security-services-business-to-accenture/ |date=2020-01-07 |website=ZDNet |first=Asha |last=Barbaschow}} In February 2020, Broadcom announced the world's first WiFi 6E client device, the BCM4389.{{Cite web |last=Salter |first=Jim |date=2020-02-13 |title=Wi-Fi 6E isn't here yet—but Broadcom is clearly banking on it |url=https://arstechnica.com/gadgets/2020/02/wi-fi-6e-gets-a-little-closer-to-reality-with-broadcoms-new-chipset/ |website=Ars Technica}}

In early 2020, Raspberry Pi inc revealed that their new boards would have a Broadcom BCM2711 chip.

In May 2022, Broadcom announced their deal to acquire the virtualization and cloud computing software vendor VMware for $61 billion in a combination of cash and stock, with Broadcom assuming $8 billion in VMware debt.{{Cite web |title=Broadcom to acquire VMware in massive $61B deal |url=https://techcrunch.com/2022/05/26/broadcom-to-acquire-vmware-in-massive-61b-deal/ |access-date=2022-05-26 |website=TechCrunch |date=26 May 2022 }}{{Cite web |title=Broadcom to Buy VMware for $61 Billion in Record Tech Deal |url=https://finance.yahoo.com/news/broadcom-buy-vmware-61-billion-112134761.html |access-date=2022-05-26 |website=finance.yahoo.com|date=26 May 2022 }}{{cite web|url=https://www.computerworld.com/article/3646533/noteworthy-tech-acquisitions-2022.html|title=Noteworthy tech acquisitions 2022|website=Computer World|date=July 6, 2022|first=Charlotte|last=Trueman|access-date=July 24, 2022}}{{cite news | url=https://www.nytimes.com/2022/05/26/technology/broadcom-vmware-deal.html | title=Broadcom to Acquire VMware in $61 Billion Enterprise Computing Deal | author-first=Nico | author-last=Grant | author2-first=Lauren | author2-last= Hirsch | newspaper=The New York Times | date=May 26, 2022}} In November 2022, the UK's Competition and Markets Authority regulator announced it would investigate whether the Broadcom Inc. acquisition of VMware Inc. would "result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services".{{Cite web |title=Broadcom / VMware merger inquiry |url=https://www.gov.uk/cma-cases/broadcom-slash-vmware-merger-inquiry |access-date=2022-11-21 |website=GOV.UK |language=en}}{{Cite news |date=2022-11-21 |title=Broadcom's $61 bln deal for VMware on UK regulator's radar |language=en |work=Reuters |url=https://www.reuters.com/markets/deals/broadcoms-61-bln-acquisition-vmware-uk-regulator-radar-2022-11-21/ |access-date=2022-11-21}} The European Commission also said it was investigating the proposed acquisition, and as a result, Broadcom and VMware extended the planned completion date out to May 26, 2023.{{cite news | url=https://www.reuters.com/markets/deals/vmware-broadcom-extend-merger-date-by-12-months-2023-02-17/ | title=VMware, Broadcom extend merger close deadline by three months | work=Reuters | date=2023-02-17}} On May 19, 2023, as both UK and EU regulators had yet to complete their investigations, the completion date was formally extended{{cite web |author1=VMWARE, INC. |title=Form 8-K |url=https://ir.vmware.com/websites/vmware/English/5010/us-sec-filing.html?shortDesc=Current%20report%20filing&format=html&secFilingId=32548874-1be1-48ab-bd43-d7a7005108ac |website=VMware |access-date=24 May 2023 |date=19 May 2023}} to August 26, 2023, and was later further extended to as late as November 26, 2023.{{cite web |last1=Sharwood |first1=Simon |title=VMware again extends formal deadline for Broadcom deal |url=https://www.theregister.com/2023/05/22/vmware_broadcom_filing/ |website=The Register |access-date=24 May 2023 |language=en |date=22 May 2023}}

On November 21, 2023, Broadcom Inc. announced its plan to finalize the $69 billion acquisition of VMware Inc. on the following Wednesday. This acquisition, one of the largest in the technology sector, received global regulatory scrutiny, including from China, which approved the deal with specific conditions. These conditions require VMware's server software to be compatible with local hardware and not restrict customers from using Broadcom's hardware products. Despite concerns over rising China-U.S. tensions, the approval from China, which was the last regulatory hurdle, allowed the deal to proceed.{{Cite news |date=2023-11-21 |title=Broadcom plans to close $69 billion VMWare deal on Wednesday |language=en |work=Reuters |url=https://www.reuters.com/markets/deals/broadcom-plans-close-69-billion-vmware-deal-wednesday-2023-11-21/ |access-date=2023-11-21}} The transaction closed on November 22, 2023.{{cite web |url=https://www.reuters.com/markets/us/chipmaker-broadcom-buy-vmware-61-bln-deal-2022-05-26/ |title=Chipmaker Broadcom to buy VMware in $61 bln deal |work=Reuters |date=26 May 2022 |first1=Chavi |last1=Mehta |first2=Krystal |last2=Hu |access-date=2022-05-26 |archive-date=2022-05-26 |archive-url=https://web.archive.org/web/20220526155430/https://www.reuters.com/markets/us/chipmaker-broadcom-buy-vmware-61-bln-deal-2022-05-26/ |url-status=live }} On completion, CEO Hock Tan announced that the company would relocate its headquarters in San Jose to the VMware campus in Palo Alto.{{Cite news |last=Vaziri |first=Aidin |date=November 30, 2023 |title=Broadcom to lay off over 1,200 Bay Area tech workers following $69B VMware deal |url=https://www.sfchronicle.com/bayarea/article/tech-layoffs-broadcam-vmware-18522770.php |work=San Francisco Chronicle}}{{Cite web |last=Nguyen |first=Kevin V. |date=November 29, 2023 |title=Broadcom to relocate headquarters to former VMware campus in Palo Alto |url=https://www.bizjournals.com/sanjose/news/2023/11/29/broadcom-takes-over-vmware-palo-alto-offices.html |publisher=Silicon Valley Business Journal}} In February 2024, Broadcom sold the end-user computing division, which it inherited from the VMware acquisition, to KKR for $4{{nbsp}}billion.{{Cite news |last1=A |first1=Samrhitha |last2=Sen |first2=Anirban |date=February 26, 2024 |title=Chipmaker Broadcom sells remote-access unit to KKR in $4 billion deal |url=https://www.reuters.com/markets/deals/chipmaker-broadcom-sells-remote-access-unit-kkr-4-billion-deal-2024-02-26/ |publisher=Reuters}}

For the fiscal year 2023, Broadcom reported earnings of US$14.1 billion, with an annual revenue of US$35.8 billion, an increase of 7.9% over the previous fiscal cycle.

The 10 largest shareholders of Broadcom in early 2024 were:{{Cite news |title=Broadcom Inc. (AVGO) |url=https://finance.yahoo.com/quote/AVGO/holders/ |work=Yahoo!Finance}}

• The Vanguard Group (10.03%)
• BlackRock (7.63%)
• Capital World Investors (4.53%)
• Capital International Investors (4.04%)
• State Street Corporation (3.95%)
• Geode Capital Management (2.12%)
• Insiders (2.04%)
• Capital Research Global Investors (1.98%)
• Fidelity Investments (1.94%)
• Morgan Stanley (1.52%)
• Bank of America (1.46%)

{{expand section|date=April 2016}}

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. 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.{{Cite web |title=Hard Disk Drive SOCs |url=https://www.broadcom.com/products/storage/hard-disk-drives/socs-read-channel |access-date=2022-06-16 |website=www.broadcom.com |language=en}}

File:Apple-Airport-Extreme-80211g-WiFi-Card.jpg mini PCIe Wi-Fi card that uses a Broadcom chip]]

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.{{cite web

| title = Broadcom 5709 Dual Port GbE I/O Card for M-Series Blades

| url = http://www.dell.com/en-us/work/shop/accessories/apd/430-3310

| publisher = Dell Inc.

| access-date = February 21, 2018}} Other vendors such as Apple, Hewlett Packard Enterprise, and Raspberry Pi also use Broadcom NICs.

File:Raspi 15807388763 6d259773fb o.png from Broadcom in a Raspberry Pi]]

In April 2017, Google's Project Zero investigated Broadcom's SoC WiFi stack and found that it lacked "all basic exploit mitigations - including stack cookies, safe unlinking and access permission protection," allowing "full device takeover by Wi-Fi proximity alone, requiring no user interaction."{{cite web|url=https://googleprojectzero.blogspot.co.uk/2017/04/over-air-exploiting-broadcoms-wi-fi_4.html|title=Over The Air: Exploiting Broadcom's Wi-Fi Stack (Part 1)|website=googleprojectzero.blogspot.co.uk|date=April 4, 2017|access-date=October 16, 2017}} Numerous smartphones, such as by Apple, Samsung and Google were affected.{{cite web|url=https://techcrunch.com/2017/04/04/project-zero-uncovers-a-nasty-wi-fi-chip-exploit/|title=Project Zero uncovers a nasty Wi-Fi chip exploit|first=Kate|last=Conger|website=Techcrunch.com|date=April 4, 2017 |access-date=October 16, 2017}}{{cite web|url=https://www.zdnet.com/article/iphone-android-hit-by-broadcom-wi-fi-chip-bugs-now-apple-google-plug-flaws/|title=iPhone, Android hit by Broadcom Wi-Fi chip bugs: Now Apple, Google plug flaws - ZDNet|first=Liam|last=Tung|website=Zdnet.com|access-date=October 16, 2017}}{{cite web|url=https://arstechnica.com/security/2017/04/wide-range-of-android-phones-vulnerable-to-device-hijacks-over-wi-fi/|title=Android devices can be fatally hacked by malicious Wi-Fi networks|website=Arstechnica.com|date=April 5, 2017|access-date=October 16, 2017}}

Jericho2 is a programmable Ethernet switch chip that has up to {{val|10|ul=Tbit/s}} switching capacity per device.{{cite web|title=Broadcom's Jericho2 Programmable Chip Claims 10 Tb/s Switching Capacity|url=https://www.sdxcentral.com/articles/news/broadcoms-jericho2-programmable-chips-claim-10tb-s-switching-capacity/2018/03/|work=SDX Central|access-date=6 March 2018}}

Tomahawk 3 series supports high-density, standards-based 400GbE, 200GbE, and 100GbE switching and routing for hyperscale cloud networks. Broadcom divulged that it is bringing two variants of the Tomahawk-3 to market. The first can provide up to {{val|12.8|u=Tbit/s}} total chip bandwidth and contains 256 integrated SerDes, supporting 32 ports at {{val|400|ul=Gbit/s}}, 64 ports at {{val|200|u=Gbit/s}}, and 128 ports at {{val|100|u=Gbit/s}}. The second variant of the Tomahawk-3 has 160 of the 256 SerDes available and delivers {{val|8|u=Tbit/s}} of aggregate bandwidth. Broadcom is suggesting 80 ports at {{val|100|u=Gbit/s}}; or 48 ports at {{val|100|u=Gbit/s}} plus either 8 ports at {{val|400|u=Gbit/s}} or 16 ports at {{val|200|u=Gbit/s}}; or 96 ports at {{val|50|u=Gbit/s}} plus either 8 ports at {{val|400|u=Gbit/s}} or 16 ports at {{val|200|u=Gbit/s}}.{{cite web|title=FLATTENING NETWORKS – AND BUDGETS – WITH 400G ETHERNET|url=https://www.nextplatform.com/2018/01/20/flattening-networks-budgets-400g-ethernet/|work=The Next Platform|date=January 20, 2018|access-date=20 January 2018}} The Tomahawk 4 reached a speed of {{val|25.6|u=Tbit/s}} while the Tomahawk 5 has a maximum speed of {{val|51.2|u=Tbit/s}}.{{cite web | url=https://www.zdnet.com/article/broadcom-unveils-tomahawk-5-chip-to-unlock-the-ai-network/ | title=Broadcom unveils Tomahawk 5 chip to unlock the AI network | website=ZDNet }}

Broadcom has expanded from its original hardware base and also offers enterprise software products.{{Cite web |title=Broadcom Inc. {{!}} Connecting Everything |url=https://www.broadcom.com/products/software/automation |access-date=2022-06-16 |website=broadcom.com |language=en}}

{{see also|Symantec Endpoint Protection}}

Broadcom operates its enterprise security business under the Symantec brand. It purchased the suite of enterprise security products from Symantec Corporation in 2019, after which Symantec Corporation changed its name to NortonLifeLock.{{Cite web |last=Riley |first=Duncan |date=2019-11-05 |title=Symantec is now NortonLifeLock as Broadcom closes purchase of its enterprise business |url=https://siliconangle.com/2019/11/05/symantec-now-nortonlifelock-broadcom-completes-acquisition-enterprise-business/ |access-date=2024-05-06 |website=SiliconANGLE |language=}}

Broadcom also offers products for supporting BizOps,{{Clarify|date=December 2024|reason=What is BizOps?}} including:{{Cite web |date=2021-03-01 |title=BizOps speeds digital transformation |url=https://sdtimes.com/value-stream/bizops-speeds-digital-transformation/ |access-date=2021-03-22 |website=SD Times |language=en-US}}

• Clarity – product portfolio management
• Rally – agile development
• Blaze CT – Shift-left testing{{citation needed|date=May 2023}}
• DX Operational Intelligence – AIOps
• Agile Requirements Designer – model-based testing optimization of processes

{{Reflist|2}}

• {{Official website}}
• {{OpenSecrets}}

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