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Broadcom Corporation was founded by professor-student pair Henry Samueli and Henry Nicholas from UCLA in 1991. In 1995 the company moved from its Westwood, Los Angeles office to Irvine, California. [1] In 1998, Broadcom became a public company on the NASDAQ exchange (ticker symbol: BRCM) and employs about 11,750 people worldwide in more than 15 ...
Broadcom facility in Bangalore, India, as seen in 2019. On 28 May 2015, Avago announced that it would buy Broadcom Corporation [29] for $37 billion ($17 billion cash and $20 billion in shares). [30] The combined company, which would be named Broadcom Ltd., would have annual revenue of $15 billion and a market value of $77 billion. [31]
In 2023, Tan's total compensation from Broadcom was $161.8 million, up 167% from the previous year and representing a CEO-to-median worker pay ratio of 510-to-1 for the company, as well as making Tan the third highest paid CEO in the US that year. [10] Since February 2024, he is a member of the board of directors of Meta. [11]
Broadcom's AI revenue grew 220% to $12.2 billion this past quarter, pushing semiconductor revenue to a record $30.1 billion. Broadcom is now a $1 trillion company as stock surges 20% on AI boom ...
Fiscal Third Quarter Highlights For the quarter ended on August 4th, Broadcom reported revenue grew 47% YoY to $13.07 billion, surpassing FactSe Broadcom's Latest Results Confirm Its Noteworthy ...
Henry Samueli (born September 20, 1954) is an American businessman and engineer. He is a co-founder of Broadcom Corporation, owner of the Anaheim Ducks of the National Hockey League (NHL), and a prominent philanthropist in the Orange County, California, community.
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Nicholas and Samueli founded Broadcom in the spare bedroom of Nicholas' Redondo Beach condominium in 1991. [6] Each partner invested $5,000 of their own money, and they floated the company in 1998. [7] Nicholas retired from Broadcom in 2003, ostensibly to work on his marriage. [8]