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CEO HOCK TAN
US Stocks: Broadcom set to shed $300 billion in value as AI results fail to impress; shares fall 14%The losses, if sustained, will erase more than $315 billion from the company's market value of about $2.268 trillion, in one of the biggest...- Broadcom set to shed $300 billion in value as AI results fail to impressBroadcom shares dropped significantly after its AI chip business results missed high expectations. This decline affected other chip compani...
- Broadcom's second-quarter revenue misses estimates as competition bitesSecond-quarter revenue came in at $22.19 billion, missing estimates of $22.27 billion, as Broadcom races with Nvidia whose dominant graphic...
- Broadcom hits $2 trillion valuation: How AI chip surge, Google and Meta deals, and ETF buzz is driving AVGO rallyBroadcom (AVGO) market capitalization surged past $2 trillion, fueled by soaring demand for custom AI chips and cloud networking infrastruc...
- Meta extends custom chips deal with Broadcom to power AI ambitionsAs part of the deal, Broadcom CEO Hock Tan would leave Meta's board and move to an advisory role on its custom chip strategy, the companies...
- Broadcom taps Alphabet executive Amie Thuener as next CFOUS chip designer Broadcom on Thursday named Alphabet executive Amie Thuener as its next finance chief, effective June 12, when incumbent Ki...
- AI bellwether Broadcom shares fall 5% a day after resultsBroadcom shares dropped 4.7% in Frankfurt on Friday a day after the company projected first-quarter revenue above Wall Street estimates, bu...
- Broadcom shares rally on new AI deal, CEO's assuranceThe company on Thursday said it has secured over $10 billion in AI infrastructure orders from a new customer, with CEO Hock Tan forecasting...
- Broadcom forecasts fourth-quarter revenue above estimatesBroadcom has been one of the biggest beneficiaries of the generative artificial intelligence boom with hyperscale customers, including Goog...
- OpenAI set to start mass production of its own AI chips with Broadcom in 2026: FTOpenAI is set to launch its first AI chip next year in partnership with Broadcom, aiming to reduce reliance on Nvidia, according to the Fin...
- Broadcom rides on AI chip demand to deliver upbeat revenue forecastBroadcom, a key player in the AI hardware ecosystem, helps design custom processors that are highly specialized integrated circuits designe...
- Broadcom announces new $10 billion share buyback planBroadcom, which supplies semiconductors to Apple, last month forecast strong second-quarter revenue and hinted about new potential customer...
- Broadcom shares surge as solid forecast eases demand worries for AI chipsBroadcom is seeing red-hot demand for its custom artificial intelligence chips from cloud computing companies looking for an alternative to...
- Broadcom CEO compensation more than doubles to $162 million in 2023CEO Hock Tan's 2023 pay, which was fueled by stock awards of $160.5 million, was 510 times the median salary of employees at the chip firm.
- EU's Vestager to meet Big Tech CEOs in the US next weekThe meetings come a month after Vestager resumed her job following her failed bid to head the Luxembourg-based European Investment Bank, wi...
- Broadcom to lay off 1,300 VMware employees following takeover: reportBroadcom closed its $69 billion acquisition of VMware on November 22 after receiving regulatory approval from China.
- Broadcom closes $69 billion VMware deal after China approvalThe deal, one of the biggest globally when announced in May 2022, was the latest in CEO Hock Tan's efforts to boost the chipmaker's softwar...
- How Broadcom CEO Hock Tan shaped a tech giant through acquisitionsFor Tan, now 70, the deal would be the culmination of a string of acquisitions that has helped him turn Broadcom into a technology conglome...
- HCL Tech becomes Broadcom's preferred services partnerAs part of the alliance announced Monday, Broadcom clients will have access to HCL's technological expertise across consulting, implementat...
- Competition Commission of India clears Avago Tech's $37-billion acquisition of BroadcomCCI has given its nod to the USD 37 billion acquisition of Broadcom Corporation by chipmaker Avago Technologies Ltd.
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