Broadcom Inc.
name
Broadcom Inc.
id
AVGO
summary
Broadcom Inc. is an American multinational company that designs, develops, manufactures, and supplies a wide range of semiconductor and infrastructure software products. Founded in 1961, it serves various markets including data center, networking, software, broadband, wireless, storage, and industrial. As of 2023, Broadcom Inc. reported revenues of US$35.82 billion, with semiconductor products accounting for 79% of its revenue. The company is headquartered in Palo Alto, California, and employs approximately 20,000 people globally. Broadcom Inc. has undergone several name changes and acquisitions over the years, including the acquisition of Broadcom Corporation in 2016, which led to the renaming of Avago Technologies to Broadcom Inc. In 2023, Broadcom Inc. completed a significant acquisition of VMware for $69 billion, further expanding its portfolio into cloud computing and virtualization software.
industry
Semiconductor and Computer Software
founded
1961
headquarters
Palo Alto, California, U.S.
key_people
Henry Samueli (Chairman), Hock Tan (President and CEO)
products
Semiconductor and infrastructure software products
revenue
US$35.82 billion (2023)
operating_income
US$16.21 billion (2023)
net_income
US$14.08 billion (2023)
total_assets
US$72.86 billion (2023)
total_equity
US$23.99 billion (2023)
number_of_employees
c. 20,000 (2023)
website
broadcom.com