Should You Invest In Broadcom Inc?

An American semiconductor solutions provider, Broadcom Inc. has undergone many changes in its long history. Broadcom Inc. was founded in 1961 as a semiconductor division of Hewlett-Packard. The division was purchased by Agilent Technologies in 1999, remaining part of the company until 2005, when KKR and Silver Lake Partners purchased the chip division from Agilent for $2.6 billion. The division became Avago Technologies, based in San Jose, California. Avago purchased Broadcom from the Broadcom Corporation in 2016, electing to change the company name to Broadcom Inc., dropping the Avago name completely. However, the ticker symbol remained AVGO. Broadcom Inc. stock is listed on the Nasdaq, with the stock also part of the Nasdaq-100 and S&P 500 components. Broadcom Inc. was almost involved in one of the largest acquisitions in history, with the company placing a $130 billion bid to purchase telecommunications and semiconductor equipment giant, Qualcomm. The bid was rejected by the Qualcomm board. A valiant second effort by Broadcom Inc. to merge with Qualcomm was blocked by the United States Government. Get all of the important information for AVGO stock directly on the eToro platform.