64 Followers USX:AVGO - Broadcom Inc Broadcom Inc
Sector: Information Technology, Industry: Semiconductors
Next Earnings: 12 Jun 2024
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USD 1,325.41    +6.68 (+0.51%)

28 Mar 2024


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General

CEO: Mr. Hock E. Tan

IPO: 2009-08-06

Headquarters: US

Employees: 20,000

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Description

Broadcom is the sixth-largest semiconductor company globally and has expanded into various software businesses, with over $30 billion in annual revenue. It sells 17 core semiconductor product lines across wireless, networking, broadband, storage, and industrial markets. It is primarily a fabless designer but holds some manufacturing in-house, like for its best-of-breed FBAR filters that sell into the Apple iPhone. In software, it sells virtualization, infrastructure, and security software to large enterprises, financial institutions, and governments.Broadcom is the product of consolidation. Its businesses are an amalgamation of former companies like legacy Broadcom and Avago Technologies in chips, as well as Brocade, CA Technologies, and Symantec in software.

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