Summary

  • Broadcom Inc, is a global technology leader that designs, develops and supplies a broad range of semiconductor and infrastructure software solutions.
  • Broadcom Now Shipping World’s First 51.2 Tbps Switch.
  • Broadcom is in the process of acquiring VMware.

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Broadcom Inc (Nasdaq: AVGO, LSE: 0YXG)  is a global technology leader that designs, develops and supplies a broad range of semiconductor and infrastructure software solutions.

Recent Developments

Broadcom Now Shipping World’s First 51.2 Tbps Switch in Production Volume1

March 15, 2023; Broadcom Inc. announced that the Tomahawk® 5 family of Ethernet switch/router chips is now shipping in production volume. Tomahawk 5 provides a major performance boost for AI/ML infrastructure. Delivering 51.2 terabits/second of switching capacity, twice that of any other switch on the market, Tomahawk 5 enables the fastest data transfer between AI/ML endpoints. The high radix of Tomahawk 5 enables single-hop connectivity between 256 high-performance AI/ML accelerators, each having 200Gbps of network bandwidth. This results in the fastest completion time for AI training and inference jobs, including for today’s increasingly complex and prevalent generative AI models.

Acquisition of VMware

On May 26, 2022, the company entered into an Agreement and Plan to acquire all of the outstanding shares of VMware, Inc. in a cash-and-stock transaction. The VMware Merger, which is expected to be completed in fiscal year ending October 29, 2023.

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Financial Highlights

First Quarter Fiscal Year 2023 Results2

  • Broadcom Inc. reported financial results for its first quarter of fiscal year 2023, ended January 29, 2023.
  • Revenue of $8,915 million for the first quarter, up 16 percent from the prior year period
  • Adjusted EBITDA of $5,678 million for the first quarter
  • Non-GAAP diluted EPS of $10.33 for the first quarter; GAAP diluted EPS of $8.80 for the first quarter
  • Quarterly common stock dividend of $4.60 per share
  • Repurchased and eliminated 2.7 million shares for $1,521 million
  • Second quarter revenue guidance of approximately $8.7 billion, an increase of 8 percent from the prior year period
  • Second quarter Adjusted EBITDA guidance of approximately 64.5 percent of projected revenue.

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Company Overview

Broadcom Inc, a Delaware corporation headquartered in San Jose, CA, is a global technology leader that designs, develops and supplies a broad range of semiconductor and infrastructure software solutions. Broadcom’s product portfolio serves markets including data center, networking, software, broadband, wireless, storage and industrial. The company's solutions include data center networking and storage, enterprise and mainframe software focused on automation, monitoring and security, smartphone components, telecoms and factory automation.3

Products

Semiconductor Solutions

The company provide semiconductor solutions for managing the movement of data in data center, service provider, enterprise and embedded networking applications. The company provide a broad variety of RF semiconductor devices, wireless connectivity solutions, custom touch controllers and inductive charging solutions for the wireless market.

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Infrastructure Software

The company's mainframe software provides market-leading DevOps, AIOps, Security and Data Management Systems solutions.

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Research and Development

Broadcom focuses on rapidly introducing new, proprietary products and releases. Many of its products have grown out of its own research and development efforts and given it competitive advantages in certain target markets. As of October 30, 2022, the company had 17,035 U.S. and other patents and 618 U.S. and other pending patent applications.

As of October 30, 2022, the company had approximately 20,000 employees worldwide, with approximately 63% in research and development roles. By geography, approximately 54% of its employees are located in North America, 35% in Asia, and 11% in Europe, the Middle East and Africa.

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Company History

The company has 50 years history.4

YearMilestone
1960s

Introduced first commercially available light-emitting diode (LED) dot matrix displays

Developed breakthrough gallium-arsenide-phosphide (GaAsP) LEDs, which would prove useful in many applications, including alphanumeric displays for handheld devices, stoplights and signage

1970sIntroduced the first fiber optic transmitters and receivers for data communications
2001Shipped 30 millionth optical mouse sensor, 100 millionth system-on-a-chip, and 2.5 millionth small form-factor fiber optic transceiver
2002Acquired RedSwitch Inc., adding expertise in InfiniBand® and RapidIO® to product portfolio
2007

Acquired RedSwitch Inc., adding expertise in InfiniBand® and RapidIO® to product portfolio

Launched the first Wi-Fi + Bluetooth + FM combo chip for mobile phones

2008

Acquired Bulk Acoustic Wave (BAW) business from Infineon Technologies AG

Acquired Nemicon Rotary Encoders Corp. to complement motion control product line

2009

Announced high performance touch screen interface technology for smartphones and portable electronic communications devices

August 6, 2009: Avago completes IPO on NASDAQ, stock symbol: AVGO

2010Announced world’s first 4G/LTE Band 7 duplexer for emerging mobile handsets and data terminals
2013

Acquired CyOptics Inc.

Acquired Javelin Semiconductor Inc.

2014

Acquired PLX Technology Inc.

Acquired LSI Corp.

2015Acquired Emulex Corp.
2016Avago Technologies acquires Broadcom Corp. and Broadcom Limited is formed
2017Acquired Brocade Communications Systems, Inc.
2018

Acquired CA Technologies, Inc.

Redomiciled in the United States as Broadcom Inc.

Introduced the Industry’s First 5G Radio Switch

2019Acquired Symantec Enterprise Security business
2021Launched Broadcom Software Group

References

  1. ^ https://investors.broadcom.com/news-releases/news-release-details/broadcom-now-shipping-worlds-first-512-tbps-switch-production
  2. ^ https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-first-quarter-fiscal-year-2023-financial
  3. ^ https://www.broadcom.com
  4. ^ https://www.broadcom.com/company/about-us/company-history
Created by Asif Farooqui on 2023/04/04 01:12
     
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