Welcome to our dedicated page for Broadcom news (Ticker: AVGO), a resource for investors and traders seeking the latest updates and insights on Broadcom stock.
Broadcom Inc. (NASDAQ: AVGO) is a global technology company whose news flow reflects its role in semiconductors, enterprise software, and security solutions across cloud, data center, networking, broadband, wireless, storage, industrial, and enterprise software markets. News about Broadcom often highlights product launches, major customer collaborations, financial results, and capital markets activity that shape its position in AI infrastructure and connectivity.
Recent announcements have featured new Wi-Fi 8 chipsets and access platforms for residential and enterprise networks, designed to support AI-era edge connectivity with hardware-accelerated telemetry and low-latency performance. Broadcom has also introduced storage networking products such as Brocade Gen 8 Fibre Channel directors and switches aimed at mission-critical and enterprise AI workloads, emphasizing performance, security features, and AI-assisted management of storage networks.
On the data center networking side, Broadcom has reported new AI-focused Ethernet NICs and high-capacity switches, including an 800G AI Ethernet NIC and a 102.4-terabit-per-second Ethernet switch with co-packaged optics, both intended to support large-scale AI clusters with high bandwidth and improved power efficiency. These launches appear alongside strategic collaborations, such as a multi-year partnership with OpenAI to co-develop systems built around custom AI accelerators and Broadcom networking solutions, and agreements with enterprises adopting VMware Cloud Foundation for private cloud modernization.
Investors following AVGO news will also see regular coverage of Broadcom’s quarterly and annual financial results, dividend declarations, and debt offerings or redemptions disclosed through press releases and SEC filings. This news page aggregates such updates so readers can monitor Broadcom’s product roadmap, AI-related initiatives, customer partnerships, and financial milestones over time.
Broadcom (Nasdaq: AVGO) announced the results of its Exchange Offers for existing notes as of March 26, 2021. The offers included up to $2 billion in New 2033 Notes and $3 billion in New 2034 Notes. As of the Early Participation Date, the Aggregate Maximum Exchange Cap was reached, leading to the rejection of further tenders. Early settlement is anticipated on March 31, 2021. The Exchange Offers will expire on April 9, 2021, with previously tendered notes being irrevocable after the March 26 withdrawal deadline. The New Notes will not be registered under the Securities Act.
Broadcom (Nasdaq: AVGO) has initiated Exchange Offers for eligible holders of its Pool 1 and Pool 2 Existing Notes, proposing the exchange for new notes due in 2033 and 2034. The Pool 1 Offer allows up to $2 billion in new 2033 notes and offers eligible holders a $50 Early Participant Payment per $1,000 of exchanged notes. The Pool 2 Offer involves up to $3 billion in new 2034 notes. The Exchange Offers are set to expire on April 9, 2021. The exchange is conditional on the issuance of at least $500 million in new notes and will not generate cash proceeds for the company.
Broadcom Inc. (AVGO) will collaborate with Morgan Stanley to present a webcast highlighting its broadband franchises on April 12, 2021, at 1:30 p.m. PT. Key executives, including CEO Hock Tan, will lead the presentation. This event aims to showcase Broadcom's innovations in semiconductor and infrastructure software solutions, addressing vital markets such as data centers, networking, and broadband. A live audio webcast along with the presentation materials will be available for a duration of 90 days on Broadcom's investor relations site.
Broadcom reported strong first-quarter fiscal 2021 results, with net revenue of $6.655 billion, marking a 14% increase year-on-year. The net income surged to $1.378 billion, compared to $385 million in Q1 2020. Earnings per share rose to $3.05, up from $0.74. Operating profit increased by 23%, and free cash flow reached approximately $3 billion, a 35% jump year-over-year. For Q2 2021, revenue guidance is set at about $6.5 billion, while a quarterly dividend of $3.60 per share is declared, payable on March 31, 2021.
Broadcom Inc. (NASDAQ: AVGO) will release its first quarter fiscal year 2021 financial results on March 4, 2021, after market close. The company will host a conference call at 2:00 p.m. Pacific Time to discuss the results and outlook. Investors can access the call online or by phone. Broadcom is a leader in semiconductor and infrastructure software solutions, serving critical markets including data center, networking, and wireless. For further details, visit www.broadcom.com.
Broadcom Inc. (Nasdaq: AVGO) announced the expiration of its cash tender offers for various outstanding notes on February 1, 2021. The offers had a maximum purchase price of $3.5 billion. As of the expiration date, a total of $2.9 billion in principal amount of validly tendered notes was accepted. Notably, the tender offers included senior notes due in 2021, 2022, and 2023. The final settlement date is expected on February 3, 2021, and the company has also entered into supplemental indentures to reduce notice requirements for optional redemptions.
Broadcom Inc. (Nasdaq: AVGO) announces early results of cash tender offers to purchase outstanding notes totaling $3.5 billion. The offers include several senior notes due between 2021-2023. As of the early tender deadline on January 15, 2021, approximately $2.901 billion of notes were validly tendered. The early settlement date is expected on January 20, 2021, with the final offer expiring on February 1, 2021. The tender offers are part of Broadcom's strategy to manage its debt effectively.
Broadcom has announced that its BCM4389 chip powers the Samsung Galaxy S21 Ultra, enabling the world's first Wi-Fi 6E phone. This new technology operates on the 6 GHz band, delivering speeds over 2 Gbps and enhanced Bluetooth performance. The chip supports seven additional channels and improves battery utilization, proving essential for modern needs like remote work and gaming. Broadcom emphasizes its collaboration with Samsung and the growing ecosystem of Wi-Fi 6 devices, reflecting a significant market transition and user benefits.
Broadcom (Nasdaq: AVGO) will present its networking franchises at the J.P. Morgan Tech/Auto Forum on January 12, 2021, at 1:35 p.m. PT. Key executives, including CEO Hock Tan and SVP Ram Velaga, will highlight Broadcom's semiconductor and infrastructure software solutions. A live audio webcast and presentation materials will be accessible for 30 days on Broadcom's investor website. The company specializes in a broad range of technology solutions across markets like data center and enterprise software.
Broadcom has announced the pricing of a debt offering totaling $750 million for 1.950% Senior Notes due 2028 and an additional $8.25 billion across various maturities, including notes due in 2031, 2033, 2041, and 2051. The net proceeds will primarily be used to repay existing debt and fund a $3.5 billion cash tender offer for outstanding notes. The offering is set to settle on January 19, 2021, and the notes are being sold in a private placement under SEC regulations.
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