Broadcom - M&A Summary and Business Overview

SemiconductorsCompany

Broadcom M&A Summary

Broadcom has acquired 17 companies, including 4 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 10 assets.

Broadcom’s largest acquisition to date was in 2022, when it acquired VMware for $61.0B. It’s largest disclosed sale occurred in 2024, when it sold Broadcom - EUC Division to KKR for $4.0B. Broadcom has acquired in 5 different US states, and 3 countries. The Company’s most targeted sectors include semiconductors (30%) and technology hardware (24%).

Broadcom Business Overview

Where is Broadcom headquartered?

Broadcom is headquartered in Palo Alto, California.

What is Broadcom’s revenue?

Broadcom disclosed revenue of 35,819M USD for 2023 and 33,203M USD for 2022.

How many employees does Broadcom have?

Broadcom has 20,000 employees.

What sector is Broadcom in?

Broadcom is a semiconductors company.

When was Broadcom founded?

Broadcom was founded in 2018.

M&A Summary

  • M&A Total Activity27
    • M&A Buy Activity17
    • M&A Sell Activity10
  • Total Sectors Invested 7
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 15
  • M&A Advisors 10

Broadcom

Broadcom, Inc.

3421 Hillview Ave,
Palo Alto, California 94304
United States,
(650) 427-6000
www.broadcom.com

Broadcom is a designer, developer and global supplier of a broad range of analog semiconductor devices with a focus on III-V based products. Broadcom was founded in 2018 and is based in San Jose, California.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 15 - 1 1 - - 17
vol $80.0B $61.0B $141.0B
Sell (0.6/yr) # 7 2 - - - 1 10
vol $2.9B $250M $4.0B $7.2B
  27

Most Recent M&A

Company Date Value Type
Broadcom - EUC Division 2024-02-26 4.0B USD Divestiture
San Jose, California
VMware, Inc. 2022-05-26 61.0B USD Add-on Acquisition
Palo Alto, California · www.vmware.com
AppNeta, Inc. 2021-12-07 - Add-on Acquisition
Boston, Massachusetts · www.appneta.com
Broadcom Ltd. - Certain Assets and Manufacturing Rights Wireless IoT Connectivity Business 2020-07-07 250M USD Divestiture
Singapore, Singapore
Broadcom - Cyber Security Services Business 2020-01-07 - Divestiture
, Singapore
Bay Dynamics, Inc. 2019-12-31 - Add-on Acquisition
San Francisco, California · www.baydynamics.com
Symantec Corp. - Enterprise Security Assets 2019-08-08 10.7B USD Divestiture
Mountain View, California
Veracode, Inc. 2018-11-05 950M USD Divestiture
Burlington, Massachusetts · www.veracode.com
CA Technologies, Inc. 2018-07-11 18.4B USD Add-on Acquisition
New York, New York · www.ca.com
Broadcom Inc. - Data Center Networking Business 2017-07-18 - Divestiture
Irvine, California
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
CA Technologies, Inc. 2018-07-11 BlazeMeter LLC 2021-09-30 1
New York, New York · www.ca.com Palo Alto, California · www.blazemeter.com
Brocade Communications Systems, Inc. 2016-11-02 Brocade Communications Systems, Inc. - Virtual Evolved Packet Core 2017-07-31 4
San Jose, California · www.brocade.com San Jose, California
Brocade Communications Systems, Inc. 2016-11-02 Vyatta, Inc. 2017-06-02 3
San Jose, California · www.brocade.com Belmont, California
Brocade Communications Systems, Inc. 2016-11-02 Brocade Communications Systems, Inc. - Virtual Application Delivery Controller (vADC) Business 2017-06-01 2
San Jose, California · www.brocade.com , United States
Brocade Communications Systems, Inc. 2016-11-02 Brocade Communications Systems, Inc. - Ruckus Wireless and ICX Switch Business 2017-02-22 1
San Jose, California · www.brocade.com San Jose, California
PLX Technology, Inc.    - PLX Technology - Direct Broadcast Satellite 2012-07-11 2
Sunnyvale, California · www.plxtech.com , United States
PLX Technology, Inc.    - PLX Technology - UK Design Team and Certain Assets 2011-10-05 1
Sunnyvale, California · www.plxtech.com , United Kingdom
LSI Corp.    - Engenio 2011-05-09 2
San Jose, California · www.lsi.com , United States
LSI Corp.    - Infineon - Hard Disk Drive Business 2008-03-10 18
San Jose, California · www.lsi.com , Germany
LSI Corp.    - LSI - Mobility Products Group 2007-08-20 1
San Jose, California · www.lsi.com San Jose, California

M&A by Sector

Sector Buy # Value Sell # Value
Technology Hardware 4 (24%) 6.5B (5%) 5 (50%) 5.9B (82%)
Semiconductors 5 (29%) 43.9B (31%) 2 (20%) 320M (4%)
Information Technology 2 (12%) 50M (< 1%) 2 (20%) 950M (13%)
Internet Software and Services 2 (12%) 61.0B (43%) - -
Software 2 (12%) 29.1B (21%) - -
Electrical Equipment 1 (6%) - - -
Electronics 1 (6%) 400M (< 1%) - -
Communications - - 1 (10%) -
Total 17 $141.0B 10 $7.2B

By Geo

State/Country Buy Value Sell Value
United States 12 140.9B 6 5.9B
  California 8 122.1B 3 4.1B
  Massachusetts 1 - 1 950M
  Texas 1 - - -
  Pennsylvania 1 400M - -
  New York 1 18.4B - -
Germany 4 24M - -
Singapore - - 4 1.3B
Israel 1 50M - -
Domestic 12 (71%) 140.9B (100%) 6 (60%) 5.9B (83%)
Cross-border 5 (29%) 74M (< 1%) 4 (40%) 1.3B (17%)
Total 17 $141.0B 10 $7.2B

Top M&A Advisors

Financial Deals
Citi
2
Barclays Investment Bank
2
Morgan Stanley
1
Legal Deals
Wachtell, Lipton, Rosen & Katz
1
Latham & Watkins
1
Cleary Gottlieb Steen & Hamilton
1

Deal Values

buy # Total
> $1B 6 $139.6B
$100M to $1B 3 $1.3B
< $100M 2 $74M
TOTAL $141.0B
Largest VMware, Inc.
$61.0B (2022-05-26)
sell # Total
> $1B 1 $4.0B
$100M to $1B 6 $3.1B
< $100M 1 $80M
TOTAL $7.2B
Largest Broadcom - EUC Division
$4.0B (2024-02-26)

M&A Connections

Deals
Acquired from
Investor(s)
18%
3 (18%)
Strategic(s)
29%
5 (29%)
Divested to
Investor(s)
20%
2 (20%)
Strategic(s)
80%
8 (80%)

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