Ameriprise Financial

Broadcom Inc. is a global technology leader in semiconductors and infrastructure software, based in Palo Alto, California. The company has a rich history, originating from Hewlett-Packard's semiconductor division in 1961 and evolving through significant mergers, including the acquisition of Broadcom Corporation in 2016. Under CEO Hock Tan, Broadcom has expanded its focus to high-margin sectors such as AI, cloud computing, data centers, cybersecurity, and networking. Broadcom designs and delivers a wide range of semiconductor solutions, including chips for networking, Wi-Fi, Bluetooth, and AI systems. The company also offers infrastructure software for cloud and enterprise needs, with key products stemming from its acquisitions, such as VMware. Broadcom's growth strategy emphasizes strategic acquisitions, allowing it to transition from niche semiconductors to a balanced hardware-software portfolio, positioning it as a leader in intelligent edge computing and AI infrastructure. The company serves various industries, including data centers, cloud providers, and cybersecurity firms, integrating its technology into global devices and infrastructure.