Broadcom Corporation is an American fabless semiconductor company in the wireless and broadband communication business. The company is headquartered in Irvine, California. Broadcom was founded by a professor-student pair Henry Samueli and Henry Nicholas from the University of California, Los Angeles (UCLA) in 1991. In 1995, the company moved from its Westwood, Los Angeles, office to Irvine, California. In 1998, Broadcom became a public company on the NASDAQ exchange (ticker symbol: BRCM) and now employs approximately 11,750 people worldwide in more than 15 countries.
Broadcom is among Gartner's Top 10 Semiconductor Vendors by revenue. Broadcom first landed on the Fortune 500 in 2009. In 2012, Broadcom's total revenue was $8.01 billion. In 2013, Broadcom was No. 327 on the Fortune 500, climbing 17 places from its 2012 ranking of No. 344.
In May 28, 2015 chip maker Avago Technologies Ltd. agreed to buy Broadcom Corp. for $37 billion in cash and stock. At closing, which is expected by February 1, 2016, Broadcom shareholders will hold 32% of the new Singapore-based company to be called Broadcom Limited. Hock Tan, Avago President and CEO, will be the new CEO of the new combined company. Dr. Samuelli will be Chief Technology Officer and member of the combined company's board. and Dr. Nicholas will serve in a strategic advisory role within the new company.