Broadcom reported third-quarter results on Thursday that beat Wall Street’s sales and profit expectations. Broadcom shares fell 7% in after-hours trading after market expectations fell short of expectations. Here’s how the chipmaker group performed compared to LSEG’s consensus estimate for the quarter ended Aug. 4: Earnings per share: adjusted $1.24, vs. $1.20 expected Revenue: $13.7…
Apple CEO Tim Cook said in a press release that the company was “excited to make commitments that harness the ingenuity, creativity, and innovative spirit of American manufacturing.” The new multibillion-dollar agreement with Broadcom will allow Apple to develop 5G radio frequency components in the United States. Portions of Broadcom quit for the day Tuesday.…
The businesses announced on Thursday that Broadcom will buy VMware for $61 billion in cash and shares, based on the closing price of Broadcom common stock on May 25, 2022. After Microsoft’s pending $69 billion acquisition of Activision Blizzard and Dell’s $67 billion purchase of EMC in 2016, this would be one of the greatest…
According to Bloomberg, Apple is apparently working to design more chip components in-house, with the company reportedly constructing a new office with the goal of replacing components now sourced from Broadcom and Skyworks. According to Bloomberg, the new office would first focus on “wireless radios, radio-frequency integrated circuits and a wireless system-on-a-chip,” as well as…