Broadcom
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 2022, some 78 percent of Broadcom's revenue was coming from its semiconductor-based products and 22 percent from its infrastructure software products and services. Tan Hock Eng is the company's president and CEO. The company is headquartered in San Jose, California. Avago Technologies Limited took the Broadcom part of the Broadcom Corporation name after acquiring it in January 2016. The ticker symbol AVGO which represented old Avago now represents the newly merged entity. The Broadcom Corporation ticker symbol BRCM was retired. At first the merged entity was known as Broadcom Ltd., before assuming the present name. Broadcom has a long history of corporate transactions (or attempted transactions) with other prominent corporations mainly in the high-technology space. In October 2019, the European Union issued an interim antitrust order against Broadcom concerning anticompetitive business practices which allegedly violate European Union competition law. The company that would later become Broadcom Inc. was established in 1961 as HP Associates, a semiconductor products division of Hewlett-Packard. The division separated from Hewlett-Packard as part of the Agilent Technologies spinoff in 1999. KKR and Silver Lake Partners acquired the Semiconductor Products Group of Agilent Technologies in 2005 for 42.5 million in October 2005. In August 2008, the company filed an initial public offering of $400 million. In October 2008, Avago Technologies acquired Infineon Technologies' Munich-based bulk acoustic wave business for €21.5 million. On 6 August 2009, Avago Technologies went public on NASDAQ with the ticker symbol AVGO.
