Broadcoms

Broadcom’s AI Chip Revenue Surges by 10% – Stock Split Announced for 2024 Boom

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Palo Alto, California – Broadcom projects a 10% increase in revenue from artificial intelligence chips and has announced a stock split to capitalize on the surge in its shares. The chipmaker anticipates $11 billion in revenue from AI-linked chips by 2024, up from $10 billion previously forecasted. The company, known for producing advanced networking chips essential for AI applications like OpenAI’s ChatGPT, reported $3.1 billion in AI product revenue for the second quarter. Broadcom’s stock …

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Broadcom’s $3.8 Billion Remote Access Unit Sale to KKR Sends Shockwaves Through Tech Industry

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San Jose, California – Broadcom is finalizing a $3.8 billion deal to sell its remote access unit to private equity firm KKR. The semiconductor company is nearing the completion of negotiations with KKR, marking a significant move in the tech industry. The sale of Broadcom’s remote access unit is part of the company’s strategic decision to streamline its operations and focus on core business areas. This deal with KKR is expected to bring in substantial …

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**Broadcom’s $3.8 billion deal with KKR – What it means for the tech industry**

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Irvine, California – Chipmaker Broadcom is on the brink of finalizing a $3.8 billion deal to offload its end-user computing (EUC) unit to private-equity firm KKR. This move comes as part of Broadcom CEO Hock Tan’s strategy to streamline the company’s operations following its acquisition of software maker VMware for $69 billion in November. The potential deal signals a shift in Broadcom’s focus as it looks to divest its end-user computing unit while concurrently exploring …

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