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Broadcom Inc

A leading designer, developer and global supplier of a broad range

Summary

Broadcom is focused on technology leadership and category-leading semiconductor and infrastructure software solutions. The company is a global leader in numerous product segments serving the world’s most successful companies.

Broadcom Inc. combines global scale, engineering depth, broad product portfolio diversity, superior execution and operational focus to deliver category-leading semiconductor and infrastructure software solutions so its customers can build and grow successful businesses in a constantly changing environment.

History

On 28 May 2015, Avago announced that it would buy Broadcom Corporation for $37 billion ($17 billion cash and $20 billion in shares). The combined company, which would be named Broadcom Ltd., would have annual revenue of $15 billion and a market value of $77 billion. 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. According to the company’s web site, the transaction closed on 1 February 2016.

In 2016, Broadcom proposed merging with Brocade Communications Systems. The merger was delayed for review by the Committee on Foreign Investment in the United States. In 2017, Broadcom announced it would relocate its legal address from Singapore to Delaware, which would avoid the review. This action was linked to the parent company being renamed from Broadcom Ltd. to Broadcom Inc. The pre-2016-merger Broadcom, Broadcom Corp., remains as a wholly owned subsidiary of the renamed parent Broadcom Inc.

In November 2017, Broadcom proposed to purchase Qualcomm for US$130 billion, which was rebuffed by Qualcomm’s board. President Trump blocked the revised $117 billion merger by an executive order that cited national security concerns.

On 11 July 2018, news sources reported that Broadcom and CA Technologies agreed on terms for $18.9 billion acquisition. And on 5 November 2018 Broadcom announced that it had completed the acquisition of CA Technologies.

On January 7, 2020, Accenture plc had agreed to acquire Symantec’s 300-person cybersecurity services division from Broadcom.

In February 2020, Broadcom announced the world’s first Wi-Fi 6E client device, the BCM4389.

Vision

Broadcom Inc. combines global scale, engineering depth, broad product portfolio diversity and superior execution and operational focus to deliver category-leading connectivity products so its customers can build and grow successful businesses today and in the future.

Mission

Connecting everything.

References

https://en.wikipedia.org/wiki/Broadcom_Inc.

https://www.essay48.com/12938-Broadcom-Mission-Vision

https://www.broadcom.com/

https://www.bloomberg.com/profile/company/AVGO:US