Broadcom
American semiconductor company
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2024 | Broadcom continues its growth trajectory, with revenue surging to $51,574 million, a net income of $5,895 million, and expanding to 37,000 employees. |
December 2024 | Broadcom's market capitalization exceeded US$1 trillion for the first time during the AI boom, becoming one of the most valuable companies in the world. |
February 2024 | Broadcom sold VMware's end-user computing division to KKR for $4 billion. |
2023 | Broadcom reported annual financial results, with earnings of US$14.1 billion and annual revenue of US$35.8 billion, representing a 7.9% increase from the previous fiscal year. |
November 22 2023 | Broadcom completed the acquisition of VMware. |
November 21 2023 | Broadcom announced plans to finalize the $69 billion VMware acquisition, receiving final regulatory approval from China. |
May 19 2023 | Broadcom extended VMware acquisition completion date to August 26, 2023. |
November 2022 | UK's Competition and Markets Authority and European Commission began investigating the proposed VMware acquisition. |
May 2022 | Broadcom announced an agreement to acquire VMware in a cash-and-stock transaction valued at $69 billion. |
2021 | Broadcom achieves a major financial milestone with revenue reaching $27,450 million, a significant net income of $6,437 million, and growing to 20,000 employees. |
2021 | Broadcom committed to suspend agreements with exclusivity arrangements and agreed not to enter such agreements for seven years, following European Competition Commissioner Margrethe Vestager's concerns about potential harm to market competition. |
2021 | Broadcom settled an antitrust complaint with the U.S. Federal Trade Commission, agreeing to cease using restrictive contract terms and threats of retaliation against customers. |
2020 | Raspberry Pi revealed new boards would have a Broadcom BCM2711 chip. |
2020 | Broadcom initiated a patent infringement lawsuit against Netflix, amid declining traditional pay TV subscribers and the rise of streaming services. |
February 2020 | Broadcom announced the world's first WiFi 6E client device, the BCM4389. |
January 7 2020 | Accenture PLC agreed to acquire Symantec's 300-person cybersecurity services division from Broadcom. |
2019 | Broadcom was recognized as the fifth best performing stock of the 2010s, with a remarkable total return of 1,956%. |
November 4 2019 | Broadcom finalized the acquisition of Symantec's enterprise security business, including the Symantec name and brand. |
October 2019 | The European Union issued an interim antitrust order against Broadcom concerning alleged anticompetitive business practices. |
August 9 2019 | Broadcom announced plans to acquire Symantec Corporation's enterprise security business for $10.7 billion, continuing its strategic push into critical corporate infrastructure software. |
2018 | Trump administration blocked Broadcom's hostile takeover of Qualcomm via executive order, citing national security concerns related to potential Chinese dominance in 5G technology. Broadcom withdrew its takeover bid two days after the executive order. |
November 5 2018 | Broadcom completed the acquisition of CA Technologies, expanding its software portfolio beyond semiconductor products. |
July 11 2018 | Broadcom and CA Technologies agreed on terms for an $18.9 billion acquisition, marking the company's strategic move into infrastructure software after failing to acquire Qualcomm. |
January 2018 | The FTC began investigating Broadcom for anti-competitive tactics during customer negotiations, examining the company's business practices. |
January 2018 | The U.S. Federal Trade Commission (FTC) began investigating Broadcom for anti-competitive tactics during customer negotiations. |
2017 | Broadcom filed patent suits against smart TV manufacturers, with the U.S. International Trade Commission ultimately ruling in favor of the smart TV manufacturers. |
November 2017 | Broadcom proposed to purchase Qualcomm for US$130 billion, which was initially rebuffed by Qualcomm's board. |
November 2 2017 | Broadcom announced its relocation of legal address from Singapore to Delaware, renaming the parent company from Broadcom Limited to Broadcom Inc. |
2016 | Broadcom encounters a financial challenge with a substantial net loss of $1,739 million, despite growing revenue to $13,240 million and increasing its workforce to 15,700 employees. |
2016 | Broadcom proposed merging with Brocade Communications Systems with a $5.5 billion cash acquisition proposal. |
May 2016 | Cypress Semiconductor announced the acquisition of Broadcom Corporation's entire IoT product portfolio for $550 million, including Wi-Fi, Bluetooth, Zigbee connectivity technologies, WICED platform, and related intellectual property. |
February 1 2016 | The Avago-Broadcom acquisition transaction was officially closed, creating the new Broadcom Ltd. entity. |
January 2016 | Avago Technologies Limited changed its name to Broadcom after acquiring Broadcom Corporation, retiring the BRCM ticker symbol and adopting AVGO as its new ticker. |
May 28 2015 | Avago announced its plan to acquire Broadcom Corporation for $37 billion, with the deal involving $17 billion in cash and $20 billion in shares. The combined company would be named Broadcom Ltd., with projected annual revenue of $15 billion and a market value of $77 billion. |
2014 | Broadcom experiences significant growth, with revenue increasing to $4,269 million, a positive net income of $263 million, and expanding to 8,400 employees. |
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