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December 8, 2023
In fiscal 2024, Broadcom expects revenue of about $50.0 billion including VMwares contribution. Analysts on average were expecting $52.50 billion, according to LSEG data.
December 8, 2023
By Arsheeya Bajwa (Reuters) -Chipmaker Broadcom forecast annual revenue below Wall Street estimates on Thursday, hurt by weak enterprise spending and ...
December 7, 2023
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December 7, 2023
:Chipmaker Broadcom forecast annual revenue below Wall Street estimates on Thursday, as weak enterprise spending and stiff competition cast a shadow on its acquisition of VMware.Shares of San Jose, California-based Broadcom, which recently closed its acquisition of the cloud computing firm, fell more than 1 p
December 7, 2023
(Reuters) -Chipmaker Broadcom forecast annual revenue below Wall Street estimates on Thursday, as weak enterprise spending and stiff competition cast a shadow on its acquisition of VMware. Shares of San Jose, California-based Broadcom, which recently closed its acquisition of the cloud computing firm, fell more than 1% in extended trading. In fiscal 2024, Broadcom expects revenue of about $50.0 billion including VMware's contribution.
December 1, 2023
Broadcom closed its $69 billion acquisition of VMware on November 22 after receiving regulatory approval from China.
December 1, 2023
Broadcom successfully finalised its acquisition of VMware for $69 billion on November 22, post receiving regulatory approval from China.
November 24, 2023
The deal has faced significant scrutiny from global regulators, including the UK’s Competition and Markets Authority (CMA), which carried out an investigation into the merger.
November 23, 2023
Green light from Beijing follows the meeting between Presidents Joe Biden and Xi Jinping in the US last week.
October 19, 2023
Chinas State Administration of Market Regulation has not signed off on the deal and is likely to delay approving the transaction after US President Joe Bidens administration introduced tougher chip controls on Tuesday, the report added, citing people familiar with the matter.