October 21, 2016 3:44 PM ET

Semiconductors and Semiconductor Equipment

Company Overview of Broadcom Corporation

Company Overview

Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. The company operates in two segments: Broadband and Connectivity, and Infrastructure and Networking. The Broadband and Connectivity segment offers platform solutions for cable, satellite, Internet protocol, over-the-top, and terrestrial set-top boxes; DSL, cable, and fiber broadband access services; femtocell to enhance cellular coverage and small cell low-powered radio access nodes, as well as location-based services technology and touch controllers; and integrated and discrete Wi-Fi, blu...

5300 California Avenue

Irvine, CA 92617-3038

United States

Founded in 1991





Key Executives for Broadcom Corporation

Chief Executive Officer and Director
Age: 64
President, Chief Financial Officer, Secretary and Director
Age: 55
Co-Founder and Chief Technical Officer
Age: 61
Senior Vice President of Sales - China, Taiwan & Hong Kong and President of Greater China Operations
Treasurer and Assistant Secretary
Compensation as of Fiscal Year 2016.

Broadcom Corporation Key Developments

Broadcom Corporation Announces Earnings Results for the First Quarter Ended January 31, 2016; Provides Earnings Guidance for the Second Quarter Ending May 1, 2016

Broadcom Corporation announced earnings results for the first quarter ended January 31, 2016. For the quarter, the company reported net income of $377 million or $1.30 per diluted share compared to $351 million or $1.26 per diluted share for same quarter ended February 1, 2015. Net revenue was $1.77 billion compared to $1.63 billion for the same quarter ended February 1, 2015. Operating income was $475 million, compared to $401 million for the same quarter ended February 1, 2015. The company provided earnings guidance for the second quarter ending May 1, 2016. For the second quarter, the company expects GAAP net revenue to be approximately $3.53 billion.

Broadcom Corp. Announces Amendments to Restated Articles of Incorporation and Bylaws; Announces Change its Fiscal Year End to October 31

On February 1, 2016, pursuant to the Agreement and Plan of Merger by and among Avago Technologies Limited, Broadcom Corporation, Broadcom Limited, Broadcom Cayman L.P., Avago Technologies Cayman Holdings Ltd., Avago Technologies Cayman Finance Limited, Buffalo CS Merger Sub Inc. and Buffalo UT Merger Sub Inc., a California corporation and wholly-owned subsidiary of Finance Holdco (Unit Merger Sub), (i) Holdco acquired Avago pursuant to a Scheme of Arrangement under Singapore law in accordance with Section 210 of the Companies Act (Chapter 50) of Singapore, thereafter, Cash/Stock Merger Sub merged with and into Broadcom, with Broadcom as the surviving corporation. In connection with the Transactions, on February 1, 2016, Broadcom amended and restated its articles of incorporation and its bylaws. Following the consummation of the Transactions, Broadcom changed its fiscal year to match Holdco's fiscal year, which ends on the Sunday closest to October 31.

Broadcom Corporation Announces Executive Changes

Avago Technologies Limited announced agreement and plan of Merger with Broadcom Corporation. In connection with the transactions, on February 1, 2016, the following individuals resigned as members of Broadcom's board of directors, effective as of the consummation of the transactions: Robert J. Finocchio, Jr., Nancy H. Handel, Eddy W. Hartenstein, Maria M. Klawe, Ph.D., John E. Major, Scott A. McGregor, William T. Morrow, Henry Samueli, Ph.D., and Robert E. Switz. In connection with the consummation of the transactions, on February 1, 2016, the following individuals became members of Broadcom's board of directors: Anthony E. Maslowski, Ivy Pong and Hock E. Tan. In connection with the Transactions, on February 1, 2016, the following individuals resigned as officers of Broadcom, effective as of the consummation of the Transactions: Eric K. Brandt, Arthur Chong, Michael E. Hurlston, Neil Y. Kim, Daniel A. Marotta, Scott A. McGregor, Nancy R. Phillips, Rajiv Ramaswami, Ph.D., and Cindy Fiorillo. Dr. Henry Samueli remained Chief Technical Officer of Broadcom.

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