Broadcom Inc. is the semiconductor company that acquired Broadcom Corporation in 2016 and trades under the ticker AVGO.
The present company began as Avago Technologies, which was spun off from Agilent Technologies in 2005. Avago acquired the original Broadcom Corporation in 2016 for about $37 billion and adopted the Broadcom Inc. name. The transaction united Avago’s businesses with Broadcom’s communications-focused semiconductor portfolio.
Broadcom designs semiconductors used in networking, broadband, wireless communications, storage, and industrial applications. It also develops infrastructure software, including products obtained through major acquisitions. The company’s chips are commonly found in data-center and communications equipment, although consumers may not see the Broadcom name on finished products.
Broadcom Inc. is distinct from the former Broadcom Corporation, even though the newer company uses the older name. Its shares trade on the Nasdaq under AVGO.