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 Inc. (NASDAQ: AVGO) announced that it will report its fourth quarter and fiscal year 2020 financial results on December 10, 2020, after market close. The management will hold a conference call at 2:00 p.m. Pacific Time on the same day to discuss these results and the business outlook. Investors can access the call online or via telephone. A replay will be available for one week post-call. Broadcom is a leader in semiconductor and infrastructure software solutions, serving critical markets including data center, networking, and enterprise software.
Broadcom Inc. (Nasdaq: AVGO), a leading technology firm, announced that CEO Hock Tan will participate in a fireside chat at the Deutsche Bank Technology Conference on September 15, 2020, at 7:20 a.m. PT. This event provides a platform for discussing Broadcom's semiconductor and software solutions across critical markets such as data center and enterprise software. A live audio webcast and replay will be accessible at investors.broadcom.com.
Broadcom (NASDAQ: AVGO) unveiled its cutting-edge router chip, Jericho2c+, boasting 14.4 terabits per second routing speed and unmatched power efficiency. This 7nm chip is designed to optimize bandwidth while minimizing power use, offering integrated security features for enhanced data protection. Jericho2c+ supports up to 18,432 x 400G ports and simplifies network systems, reducing complexity and operating costs. With significant interest from major OEMs and service providers, this innovation aims to address hyperscale data center demands, reinforcing Broadcom's leadership in networking solutions.
Broadcom reported a 6% increase in third-quarter revenue for fiscal year 2020, totaling $5.82 billion, driven by strong demand from cloud and telecom customers. Despite a decline in net income to $688 million from $715 million year-over-year, non-GAAP earnings increased to $2.44 billion. The company achieved a record $3 billion free cash flow, marking a 33% year-over-year growth, and reduced debt by $1.9 billion. Looking ahead, Broadcom expects fourth-quarter revenue of $6.4 billion plus or minus $150 million.
Broadcom (NASDAQ: AVGO) has launched the Emulex SAN Manager, aimed at reducing operational costs and complexities for enterprise storage management. This tool allows administrators to effectively troubleshoot network issues using a user-friendly interface. It enhances operational efficiency by integrating HBA management with datacenter analytics while providing real-time visibility. Emulex SAN Manager features adaptive congestion management and simplifies SAN operations, promoting improved performance and reliability in storage networks. The product is available starting September 2, 2020.
Broadcom Inc. (NASDAQ: AVGO) has launched the first Gen 7 64Gb/s Fibre Channel switching platforms, including Brocade X7 Directors and G720 Switches. These innovations feature 64Gb/s speed and 50% reduced latency, enhancing data center performance for NVMe flash arrays. Brocade Gen 7 also introduces autonomous SAN capabilities like self-learning, self-optimizing, and self-healing technologies to simplify management and boost reliability. This positions Broadcom as a leader in Fibre Channel technology amidst the growing demand for efficient data handling in modern IT infrastructures.
Broadcom has completed its exchange offer for outstanding unregistered notes, exchanging $24.1 billion of notes out of a total eligible amount of $24.18 billion. The offer, which ended on August 7, 2020, achieved high participation rates across various senior notes series, with most notes receiving over 98% acceptance. The exchange was conducted under the Securities Act of 1933.
This move aims to enhance the liquidity and marketability of Broadcom's debt securities.
Broadcom Inc. (NASDAQ: AVGO) has been approached by TRC Capital Investment Corporation with an unsolicited mini-tender offer to buy up to 500,000 shares at $292.50 each. This offer is approximately 4.35% lower than the closing price of $305.79 on July 24, 2020, and an 8.94% discount compared to the $321.23 closing price on August 3, 2020. Broadcom advises shareholders against accepting this offer, highlighting the risks of mini-tender offers that often occur below market prices. Shareholders are encouraged to consult market quotations and financial advisors.
Broadcom Inc. (NASDAQ: AVGO), a leader in semiconductor and infrastructure software solutions, will report its third quarter fiscal year 2020 financial results on September 3, 2020, after market close. Following this, management will host a conference call at 2:00 p.m. PT to discuss the results and outlook. Investors can access the call via the Broadcom website or by telephone. A replay will be available for one week. Broadcom provides a wide range of solutions across critical markets including data center, networking, and wireless.
On July 31, 2020, Broadcom (NASDAQ: AVGO) announced an extension of its exchange offer for outstanding unregistered senior notes until August 7, 2020. The total principal amount eligible for this exchange is $24.18 billion, with $17.49 billion in tenders received to date. The press release includes specific details about various note series, their due dates, and the corresponding tender amounts. Broadcom aims to facilitate more holders' participation in this exchange offer, emphasizing that no further extensions are expected.
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