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Broadcom Inc. is a global technology leader specializing in the design, development, and supply of semiconductor and infrastructure software solutions. The company operates primarily in two segments: semiconductor solutions and infrastructure software, offering products that cater to enterprise and data center networking, home connectivity, smartphones, and data center servers . Broadcom's infrastructure software solutions enable customers to manage and secure applications across various platforms, including mainframe, distributed, mobile, and cloud . A significant portion of Broadcom's revenue is derived from semiconductor sales, with major contributions from distributors and OEMs .
- Semiconductor Solutions - Designs and supplies complex digital and mixed signal complementary metal oxide semiconductor devices, analog III-V based products, and mission-critical fibre channel storage area networking products. These devices are integral to enterprise and data center networking, home connectivity, smartphones, and data center servers.
- Infrastructure Software - Offers solutions for planning, developing, automating, managing, and securing applications across mainframe, distributed, mobile, and cloud platforms. This includes application development and delivery, application networking and security, and cybersecurity solutions, with a significant contribution from VMware.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Hock E. Tan ExecutiveBoard | President, Chief Executive Officer, and Director | Director at Meta Platforms, Inc. | Hock E. Tan has been CEO since 2006, leading Broadcom's growth into a global technology leader. Previously held leadership roles at ICS, PepsiCo, and General Motors. | View Report → |
Charlie B. Kawwas Executive | President, Semiconductor Solutions Group | None | Charlie B. Kawwas has been with Broadcom since 2014. He became President of the Semiconductor Solutions Group in July 2022, overseeing significant revenue growth and strategic initiatives. | View Report → |
Kirsten M. Spears Executive | Chief Financial Officer and Chief Accounting Officer | None | Kirsten M. Spears became CFO in December 2020. She joined Broadcom in 2014 after its acquisition of LSI Corporation, where she held senior financial roles. | |
Mark D. Brazeal Executive | Chief Legal and Corporate Affairs Officer | None | Mark D. Brazeal joined Broadcom in 2017 as Chief Legal Officer and transitioned to his current role in December 2021. Previously held legal leadership roles at SanDisk and Broadcom Corporation. | |
Check Kian Low Board | Independent Director | Founding Partner at NewSmith Capital Partners LLP; Owner and Director at Cluny Capital Limited | Check Kian Low has been a director since 2016. He has extensive experience in finance and corporate advisory, with leadership roles at NewSmith Capital and Cluny Capital. | |
Eddy W. Hartenstein Board | Lead Independent Director | Lead Independent Director at SIRIUS XM Holdings Inc. | Eddy W. Hartenstein has been a director since 2016 and Lead Independent Director since 2018. He has held executive roles at DIRECTV, Tribune Company, and the Los Angeles Times. | |
Gayla J. Delly Board | Independent Director | Director at Flowserve Corporation and Littelfuse, Inc. | Gayla J. Delly has been a director since 2017. She is the former CEO of Benchmark Electronics and has extensive experience in manufacturing, technology, and finance. | |
Harry L. You Board | Independent Director | Director at IonQ, Inc.; Chairman and CFO of dMY Squared Technology Group, Inc.; Chairman of Coliseum Acquisition Corp | Harry L. You has been a director since 2019. He brings expertise in finance, strategy, and technology from his roles as CFO of multinational companies and leadership in SPACs. | |
Justine F. Page Board | Independent Director | None | Justine F. Page has been a director since 2019. She previously served as CFO of Integrated Circuit Systems and has extensive experience in finance and semiconductors. | |
Kenneth Y. Hao Board | Independent Director | Director at SolarWinds Corporation and Splunk Inc. | Kenneth Y. Hao joined the Board in February 2024. He is the Chairman and Managing Partner of Silver Lake, with extensive experience in technology investments and strategy. |
- With cloud hyperscalers increasingly developing their own custom AI accelerators (XPUs), potentially reducing reliance on merchant silicon, how does Broadcom plan to adapt its semiconductor strategy to address this shift?
- The relocation of IP back to the U.S. has resulted in a $4.5 billion tax liability; can you elaborate on the strategic rationale behind this move and its anticipated impact on cash flow and future tax rates?
- Given the surge in demand for AI-related XPUs and networking products, have you encountered any supply chain constraints that could limit your ability to meet this upside demand, and how are you addressing them?
- As the industry shifts towards flash storage solutions, how does Broadcom's investment in hard disk drive technology through the acquisition of Seagate's HDD SoC assets align with market trends, and what risks do you foresee?
- Non-AI semiconductor revenues and certain software segments appear significantly below prior peak levels; what specific strategies are you implementing to drive recovery and growth in these areas, and how confident are you in returning to previous performance levels?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Seagate's System-on-Chip (SoC) Operations | 2024 | Broadcom acquired Seagate’s SoC operations for $600 million, allocating $570 million to intangible assets, $14 million to goodwill, and $16 million to other assets to strengthen its SoC portfolio. |
VMware, Inc. | 2023 | Broadcom completed a cash-and-stock acquisition of VMware on November 22, 2023, valued at approximately $86.3 billion, to enhance its infrastructure software capabilities and support enterprise cloud modernization, with funding provided by term loans and cash on hand. |
Recent press releases and 8-K filings for AVGO.
- Broadcom Inc. has authorized a $10 billion share repurchase program to be executed through December 31, 2025, demonstrating confidence in its strong cash flow generation.
- The program allows for repurchases through various methods, including open market and privately negotiated transactions, and is subject to market, business, and regulatory conditions.