Broadcom Inc. is a global technology leader that designs, develops, and supplies a broad range of semiconductor and infrastructure software solutions. Its semiconductor solutions focus on complex digital and mixed-signal CMOS-based devices and analog III-V based products, serving markets like data centers, networking, wireless communications, broadband access, and storage. The company also offers infrastructure software enabling customers to manage and secure applications across various platforms. Additionally, Broadcom provides FC SAN products and related software. Its acquisition of VMware in November 2023 expanded its portfolio to hybrid cloud, app-delivery acceleration, zero-trust security, and software-defined edge solutions.

• Employees: 20,000 (as of October 29, 2023)
• Geographic Footprint: North America, Asia, Europe, Middle East, and Africa
• Headquarters: Palo Alto, California
• Founded: Origins trace back over 50 years through various acquisitions.
• Number of locations/facilities: Information on facilities over 100,000 sq ft provided, exact number not specified.
• Revenue: $35.8 billion (FY2023)
• Market Capitalization: $253.7 billion (as of April 28, 2023)
• Key Subsidiaries/Brands: Brocade, CA Technologies, Symantec Enterprise Security, and VMware (acquired November 2023)

• CEO: Hock E. Tan
• CFO: Kirsten M. Spears
• Board Chair: Henry Samueli
• Other Key Executives: Mark D. Brazeal (Chief Legal and Corporate Affairs Officer), Charlie B. Kawwas, Ph.D. (President, Semiconductor Solutions Group)

• Annual Revenue: $35.8 billion (FY2023)
• Net Income: $14.1 billion (FY2023)
• Market Cap: $253.7 Billion (as of April 28, 2023)
• Total Assets: $72.9 billion (FY2023)
• Key Financial Highlights: Revenue increased by 8% YoY, driven by semiconductor solutions (9% growth) and infrastructure software (3% growth). Gross margin remained strong at 69%. Generated $18.1 billion in cash from operations.

Broadcom's offerings span semiconductor devices and infrastructure software. Semiconductor solutions include products for broadband, networking (data center, service provider, and enterprise), wireless (mobile connectivity), storage, and industrial applications. Infrastructure software solutions enable clients to manage and secure applications across various platforms, including mainframe and distributed systems, cybersecurity, and FC SAN management. The VMware acquisition adds hybrid cloud, app delivery, security, and edge solutions.

Broadcom operates in two segments: Semiconductor solutions and Infrastructure software. In FY2023, semiconductor solutions contributed 79% of revenue and infrastructure software contributed 21%.

Broadcom's strategy focuses on combining technology leadership in semiconductors and infrastructure software with scale, utilizing a common sales and administrative platform. Growth is pursued through acquisitions of leading businesses and technologies, along with substantial investment in R&D. The recent acquisition of VMware significantly expands Broadcom's presence in the hybrid cloud and software-defined data center markets, marking a significant shift in the company's strategic direction.

Broadcom operates in the highly competitive semiconductor and infrastructure software industries. Key competitors in the semiconductor market include Advanced Micro Devices, Intel, Qualcomm, and Texas Instruments. In the infrastructure software market, competitors include companies like Atlassian, BMC Software, Cisco, and Microsoft. The industry is characterized by rapid technological advancements, evolving standards, and pricing pressures. The trend towards industry consolidation is also reshaping the competitive landscape.

• Economic downturn and geopolitical instability: These factors can impact demand, supply chains, and operations, particularly given Broadcom's international presence and reliance on specific customers like Apple.
• Integration challenges with VMware: Successfully integrating VMware's operations, products, and workforce is crucial for realizing the expected benefits of the acquisition.
• Competition and technological change: The fast-paced nature of the semiconductor and software industries requires continuous innovation and investment to maintain competitiveness.
• Customer concentration: Dependence on a small number of large customers, including Apple, creates vulnerability to changes in their demand or business strategies.
• Dependence on contract manufacturing and suppliers: Broadcom's reliance on third-party manufacturers and suppliers for critical components exposes it to supply chain disruptions and potential capacity constraints.