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Broadcom's product offerings serve the data center, networking, software, broadband, wireless, storage, and industrial markets. As of 2024, some 58 percent of Broadcom's revenue came from its semiconductor-based products and 42 percent from its infrastructure software products and services. [1]: 43 Tan Hock Eng is the company's president and CEO.
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 ...
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.
Broadcom’s sales of AI chips in fiscal 2023 were $4.2 billion, BofA Securities reports. The company expects AI chip sales will rocket to $12.1 billion this year and $16.9 billion next year.
Broadcom will release its fiscal 2024 third-quarter results on Sept. 5 after the markets close. Analysts are expecting $1.20 per share in earnings on revenue of $12.96 billion.
The stock market has gotten off to a scorching start in 2024. About midway through the year, the S&P 500 has gained roughly 15% while the tech-heavy Nasdaq Composite is up nearly 18%.. One of the ...
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]
Broadcom currently plans to report its earnings for the first quarter of fiscal year 2025 after close of market on Thursday, March 6th, 2024. A public webcast of Broadcom's earnings conference ...