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Broadcom

American multinational semiconductor company

Broadcom Inc. is a global supplier of semiconductor and infrastructure software products. It serves various markets including data center, networking, wireless, and industrial. Tan Hock Eng is the CEO. Headquartered in Palo Alto, California, Broadcom was acquired by Avago Technologies Limited in 2016. The company acquired VMware in 2022 for $69 billion.

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Timeline

Broadcom Corporation founded

Broadcom Corporation was founded by professor-student pair Henry Samueli and Henry Nicholas from UCLA in 1991.

Broadcom's Contract with Scientific-Atlanta, Inc.

In 1993, Broadcom secured a significant contract from Scientific-Atlanta, Inc. to supply TV set-top boxes for Time Warner Corp.'s experimental cable system in Orlando, Florida. They provided a three-chip set for digital demodulation, which was later integrated into one IC using quadrature-amplitude modulation (QAM) technology.

Broadcom's Revenue and Financing

In 1994, Broadcom's revenues exceeded $5 million, and it received about $5 million in corporate financing from Intel Corporation. The company also began shipping volume production quantities of chips, and revenues were expected to increase fourfold in 1995, particularly in the Fast Ethernet market.

Broadcom Transforms Defense Technology into Communication ICs

In March 1995, Broadcom leveraged its defense technology expertise to develop communication integrated circuits (ICs). This strategic shift likely contributed to Broadcom's success in the technology market.

Broadcom in Middle of Internet Access Fray

In 1996, Broadcom was involved in the internet access competition, positioning itself in the midst of the evolving internet industry.

Broadcom Reaches New Financial Heights

Irvine, Calif.-Based Broadcom achieved new financial milestones, indicating its growth and success in the business sector.

Broadcom Becomes Top Public Firm in Orange County, Calif.

On January 11, 1999, Broadcom achieved a significant milestone by becoming the top public firm in Orange County, California. This accomplishment likely solidified Broadcom's position as a leading technology company in the region.

Broadcom Acquires Startup for $104M

In February 1999, Broadcom made a significant acquisition by purchasing a startup for $104 million. This acquisition likely played a crucial role in Broadcom's expansion and growth in the technology industry.

Broadcom Gains Insight

Broadcom, in 1999, gained valuable insights, possibly indicating a significant development or strategic advancement within the company.

Broadcom Prepares for Future of Home Networking

Broadcom, headquartered in Irvine, Calif., made preparations for the future of home networking, signaling its strategic planning for the evolving technology landscape.

Broadcom Demonstrates New, Super-Fast Chip

Broadcom, based in Irvine, California, showcased a new high-speed chip, demonstrating its technological advancement in the semiconductor industry.

Broadcom to Buy Mountain View, Calif.-Based Software Firm

Broadcom, a chip maker headquartered in Irvine, Calif., announced its acquisition of a software firm based in Mountain View, Calif., expanding its business operations and technological capabilities.

Broadcom Acquires AltoCom

Broadcom acquires AltoCom and releases its first product from the Maverick acquisition, as reported in Electronic News.

Broadcom Co-Founders Launch Interactive-TV Firm

The co-founders of Broadcom, along with a media-company executive, initiated an interactive-TV firm, potentially diversifying their business ventures beyond semiconductor technology.

California Billionaire Denies Reports of Offers on Hockey, Baseball Teams

A California billionaire, possibly associated with Broadcom, refuted reports of offers on hockey and baseball teams, indicating potential involvement in sports ownership or investment.

Broadcom Co-Founder Donates $20 Million to California College

One of the co-founders of Broadcom contributed a substantial amount of $20 million to a California college, demonstrating philanthropic support and community engagement.

Announcement of Stock Split

A two-for-one stock split for Broadcom was announced for February 11, 2000, which often precedes a run-up in a company's stock price.

Communications-Chipmaker Buys Designer

In March 2000, a communications-chipmaker, potentially Broadcom, acquired a designer, possibly indicating strategic expansion or talent acquisition within the semiconductor industry.

Broadcom authors its own VoIP codecs

In 2002, Broadcom authored its own VoIP codecs, which were later released as open source with the LGPL license in 2009. These codecs include the BroadVoice 16 with a declared bitrate of 16 kbit/s and the BroadVoice 32 with a declared bitrate of 32 kbit/s.

Free Software Foundation accuses Broadcom

In 2003, the Free Software Foundation accused Broadcom of not complying with the GNU General Public License as Broadcom distributed GPL code in a driver for its 802.11g router chipset without making that code public.

Broadcom provides Nintendo with online solution on a chip

In 2005, Broadcom Corporation announced it would be providing Nintendo its 'online solution on a chip', enabling 802.11b connectivity with the DS and 802.11g connectivity for the Wii. Broadcom would also provide Bluetooth connectivity for Wii's controller.

Broadcom Shuts Down Digital TV Operations

On September 19, 2011, Broadcom shut down its digital TV operations, including its Blu-ray chip business.

Avago to acquire CyOptics Inc

Avago announces the acquisition of optical chip and component maker CyOptics Inc for about $400 million in cash, aiming to strengthen its position in the optical chip market.

Avago to acquire LSI Corp

Avago reveals its $6.6 billion acquisition of LSI Corp, turning to the fast-growing storage chip market to counter volatility in its main wireless business.

Broadcom Announces Exit from Cellular Baseband Business

On June 2, 2014, Broadcom announced its intentions to exit the cellular baseband business.

Avago Technologies Acquires Broadcom Corp.

On May 28, 2015, Avago Technologies Ltd. agreed to buy Broadcom Corp. for $37 billion in cash and stock, resulting in the formation of a new Singapore-based company called Broadcom Limited.

Completion of Avago-Broadcom Merger

The merger between Avago Technologies and Broadcom Corp. was completed on February 1, 2016, with Broadcom shareholders holding 32% of the new company, Broadcom Limited.

Broadcom to buy Brocade Communications Systems Inc

Broadcom announces its acquisition of network gear maker Brocade Communications Systems Inc for $5.5 billion in cash, aiming to expand its fibre channel and storage businesses.

Broadcom Relocates Legal Address

In November 2017, Broadcom announced its decision to relocate its legal address from Singapore to Delaware, in order to avoid the review by the Committee on Foreign Investment in the United States. This action was linked to the parent company being renamed from Broadcom Ltd. to Broadcom Inc.

Broadcom makes unsolicited bid for Qualcomm Inc

Broadcom launches a $103 billion unsolicited bid for Qualcomm Inc, initiating a potential takeover battle that could reshape the mobile phone hardware industry.

FTC investigates Broadcom

On January 17, 2018, it was reported that the FTC had been investigating Broadcom for several months in regard to its anti-competitive tactics while negotiating with customers.

Broadcom's Acquisition of CA Technologies

On 11 July 2018, Broadcom and CA Technologies agreed on terms for an $18.9 billion acquisition. This move marked Broadcom's shift into acquiring infrastructure software as an alternative way of growing in size.

Broadcom Completes Acquisition of CA Technologies

On 5 November 2018, Broadcom announced that it had completed the acquisition of CA Technologies, marking a significant step in Broadcom's expansion into software.

Broadcom's Acquisition of Symantec Corporation's Enterprise Security Business

On 9 August 2019, Broadcom decided to acquire the enterprise security business of Symantec Corporation for $10.7 billion in cash, continuing its push into critical corporate infrastructure software.

Broadcom Completes Acquisition of Symantec Corporation's Business

On 4 November 2019, Broadcom announced that it had completed the acquisition of the enterprise security business of Symantec Corporation, as well as the Symantec name and brand.

Acquisition of Symantec's Cybersecurity Services Division

Accenture PLC agreed to acquire Symantec's 300-person cybersecurity services division from Broadcom.

Broadcom Settlement of Antitrust Complaint

Broadcom agreed to settle an antitrust complaint which claimed it had abused its monopoly power through restrictive contract terms and threats of retaliation against non-compliant customers.

Broadcom agrees to buy VMware

Broadcom makes a $61 billion cash-and-stock offer to acquire cloud computing company VMware, marking its biggest move to diversify its business.

Extension of completion date for Broadcom's acquisition of VMware

On May 19, 2023, the completion date for Broadcom's acquisition of VMware was formally extended to August 26, 2023, as UK and EU regulators had yet to complete their investigations.

Broadcom announces plan to finalize acquisition of VMware

On November 21, 2023, Broadcom Inc. announced its plan to finalize the $69 billion acquisition of VMware Inc. on the following Wednesday, marking one of the largest acquisitions in the technology sector.

Completion of Broadcom's acquisition of VMware

On November 22, 2023, the transaction for Broadcom's acquisition of VMware was successfully closed, leading to the announcement of the relocation of the company's headquarters from San Jose to the VMware campus in Palo Alto.

End of the Timeline
Broadcom

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