Broadcom joined the US$1 trillion market-cap club in December 2024.
Broadcom’s shares surged after the company reported strong demand for custom artificial-intelligence chips and networking equipment. The milestone made it one of the most valuable publicly traded semiconductor businesses and one of the few US companies valued above US$1 trillion.
Broadcom develops semiconductors and infrastructure software rather than consumer devices under its own major smartphone brand. Its hardware portfolio includes networking, broadband, wireless-connectivity, storage, and industrial chips used throughout technology infrastructure.
Broadcom is sometimes confused with Avago Technologies because Avago acquired Broadcom Corporation in 2016 and adopted the Broadcom name. The resulting company is legally Broadcom Inc., while Broadcom Corporation was the older semiconductor business. Market capitalization changes daily with share prices, so its position among the world’s richest companies can shift.