Broadcom’s stock rises as Q4 earnings exceed expectations
Broadcom, a global technology leader in the design, development, and supply of semiconductor and infrastructure software solutions, provided Wall Street analysts with quarterly earnings and an outlook that exceeded consensus estimates. The company also increased its dividend, and recommitted to share buybacks, but analysts continued to ask for more from the chip and software company. […]
Meta will use Broadcom’s Custom Chips To Build Metaverse Hardware, JPM
J.P. Morgan analysts have announced that Meta Platforms will use Broadcom’s custom chips to build its metaverse hardware in a billion-dollar business. Broadcom’s ASIC (application-specific integrated circuit) chips will be used by Meta, Alphabet and Microsoft and expected to generate revenues of $2-2.5 billion. “We believe these wins are primarily at 5 nanometre and 3 nanometre […]
Experts Fear Impact Of Broadcom, VMware Deal On Customers
Forrester analysts are concerned about the impact of Broadcom’s $61 billion acquisition of VMware. For them, Broadcom’s acquisition of VMware may raise prices while cost-cutting measures aimed at achieving profitability goals. This could have a negative impact on support and innovation. “For acquired companies, a Broadcom acquisition sparks fear of price hikes, diminished support, and […]
Broadcom Negotiate $60 Billion VMware Acquisition
Broadcom is negotiating a $60 billion acquisition of VMware. According to sources close to the issue, Broadcom will pay about $140 per share in cash and shares for VMware. If the negotiations prove successful, a deal could be announced as early as Thursday, when VMWare is due to report quarterly results. “A VMware acquisition would […]
