Broadcom

Broadcom Inc. is a global technology leader that designs, develops, and supplies a broad range of semiconductor and infrastructure software solutions. The company's semiconductor products address markets including data center, networking, enterprise storage, broadband, wireless communications, and industrial applications. Through strategic acquisitions, Broadcom has also become a major enterprise software provider.

The company's roots trace back to 1961 as HP Associates within Hewlett-Packard, which later became Agilent Technologies and then Avago Technologies. In 2016, Avago acquired the original Broadcom Corporation for $37 billion and adopted the Broadcom name. Under the leadership of CEO Hock Tan since 2006, the company has executed a highly successful acquisition strategy that has transformed it into a diversified technology powerhouse.

Broadcom's semiconductor business supplies the critical building blocks for modern technology infrastructure. The company provides the silicon chips, XPU accelerators, and networking equipment that power AI data centers, cloud computing, and enterprise networks. In 2024, AI-related revenue surged 220% to $12.2 billion, driven by custom AI accelerators and networking products for hyperscale cloud providers.

The company's $69 billion acquisition of VMware, completed in November 2023, significantly expanded Broadcom's infrastructure software portfolio. VMware's virtualization and cloud platform capabilities, now branded as 'VMware by Broadcom,' complement the company's existing software businesses acquired from CA Technologies and Symantec. As of 2024, software contributes 42% of revenue while semiconductors account for 58%.