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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]
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 has emerged as Nvidia’s stiffest competition, however. The former’s AI revenue grew 220% to $12.2 billion this past quarter, pushing semiconductor revenue to a record $30.1 billion.
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.
Item. Pre-Split. Post-Split. Share count. 465 million. 4.6 billion. Stock price. $1,698. $169. Market cap. $790 billion. $790 billion
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.
However, investors want to know which company is next in line to join the exclusive $1 trillion stock club. That could be chip giant Broadcom (NASDAQ: AVGO), which is involved with multiple ...