Broadcom Inc Stock Price, News & Analysis

Broadcom Inc. (NASDAQ:AVGO) emphasizes its dedication to open computing at the 2021 Open Compute Project Global Summit. Showcasing advanced solutions for AI/ML, Broadcom's innovative technologies include high-bandwidth switches, OCP NIC 3.0 and storage adapters. Key demonstrations involve partnerships with companies like Ampere, Arrcus, and Meta. The company also introduced the PHY Abstraction Interface to further support OCP. Broadcom's commitment to open standards reflects its strategy to enhance performance and energy efficiency in data centers.

Broadcom Inc. (NASDAQ: AVGO) has announced its new 100G/lane optical PAM-4 DSP PHY families, the Jesko BCM8741x and Gemera BCM8781x, designed for 400G and 800G applications. These innovative products achieve best-in-class power dissipation, offering 7W for 400G and under 14W for 800G modules. Compliance with IEEE and OIF standards allows support for various optical modules. The demand for optical connectivity is rising, with millions of 400G transceivers expected to ship in 2021, highlighting the importance of power-efficient solutions.

Broadcom Inc. (NASDAQ: AVGO) will announce its fourth quarter and fiscal year 2021 financial results on December 9, 2021, after market close. A conference call will be held at 2:00 PM PT to discuss these results and provide a business outlook. Investors can listen via telephone or online through Broadcom's website. Replay options will be available for a week following the call. Broadcom is a leader in semiconductor and infrastructure software solutions, serving various critical markets.

Broadcom Inc. (NASDAQ: AVGO) has been awarded the Google Cloud Customer of the Year Award during the Google Cloud Next ’21 event. The recognition highlights Broadcom's innovative achievements in collaboration with Google Cloud, particularly in transforming its software portfolio into SaaS solutions. The partnership aims to enhance Broadcom's product offerings in cybersecurity and infrastructure via Google’s global infrastructure. Over 80 services and products have been transitioned to a modern cloud-friendly architecture, improving scalability and cost-effectiveness.

Broadcom Inc. (AVGO) will host its Broadcom Software Investor Day 2021 in New York on November 9, 2021, starting at 7:00 a.m. PT / 10:00 a.m. ET. The event will feature presentations from Tom Krause and executives from the Infrastructure and Security Software sectors.

The session will conclude around 10:30 a.m. PT / 1:30 p.m. ET. A webcast replay and presentation materials will be accessible on Broadcom's Investor Relations website following the event.

Perforce Software has announced the acquisition of the BlazeMeter Continuous Testing (CT) platform from Broadcom Inc. (NASDAQ: AVGO). Financial details of the transaction remain undisclosed, but it aims to enhance Perforce's application quality offerings, which include the Perfecto platform and static application security testing products. This strategic acquisition is expected to boost Perforce's capabilities in DevOps testing, enabling faster and more reliable application quality solutions. The transaction is anticipated to close in October 2021, subject to regulatory approval.

Broadcom Inc. (Nasdaq: AVGO) disclosed the pricing terms for its new notes due 2035 and 2036, valued at up to $6 billion, in connection with its Exchange Offers for existing notes. The company waived the caps on previous pools and confirmed that all existing notes submitted by the Early Participation Date will be accepted. The aggregate principal amounts for the new notes are $3.25 billion for 2035 notes and $2.75 billion for 2036 notes, with interest rates set at 3.137% and 3.187%, respectively. The Exchange Offers will conclude on October 8, 2021.

Broadcom Inc. (Nasdaq: AVGO) announced the results of its Exchange Offers for certain existing notes, with a deadline of September 24, 2021. The company waived sub-caps and increased the maximum purchase amounts for the notes. The new maximum for Pool 1 Existing Notes is $3.25 billion, and for Pool 2, it is $2.75 billion, raising the New Notes Cap to $6 billion. The company plans an early settlement on September 30, 2021, for those accepted. As of the Early Participation Date, all valid tendered notes will be returned to holders post-exchange.

Broadcom Inc. (NASDAQ: AVGO) launched the BCM4778, the world's lowest power dual-frequency GNSS receiver, designed for mobile and wearable devices. This third-generation chip is 35% smaller and consumes 5 times less power than its predecessor, significantly extending battery life—an additional 30 hours for smartwatches. It features advanced L5 acquisition capabilities, multipath mitigation, LTE filtering, and jamming protection, enhancing location-based services with improved accuracy. Currently sampling to early access partners, the BCM4778 reflects Broadcom's commitment to innovation in GNSS technology.