Avago Technologies acquired Broadcom Corporation in 2016 and became a major supplier of networking and wireless chips.
Avago Technologies was formed in 2005 after Agilent Technologies separated its semiconductor products group. The company built a portfolio spanning wired infrastructure, wireless communications, storage, and industrial semiconductor products.
In 2015, Avago announced an agreement to acquire Broadcom Corporation. The transaction closed in 2016, and the combined company adopted the Broadcom name. This is why the corporate history can be confusing: Broadcom Corporation was acquired, while the acquiring company continued as Broadcom Inc.
Broadcom Inc. later expanded beyond semiconductors through major software acquisitions, including CA Technologies and Symantec's enterprise-security business. Its market capitalization reflects the combined company and should not be confused with the earlier, separately incorporated Broadcom Corporation.