Friday, October 18

Tag: Broadcom

Broadcom’s Software Makeover Doesn’t Fully Mask Chip Swings
8Dec By adminNo Comments
Money

Broadcom’s Software Makeover Doesn’t Fully Mask Chip Swings

Broadcom Chief Executive Hock Tan isn’t someone who finds blowing money appetizing. But that $40,000 dinner seems to have gone down well. That was the reported cost for Tan to sit at the table of Chinese President Xi Jinping during a dinner at last month’s Asia-Pacific Economic Cooperation conference in San Francisco. It is a notable sum for an executive known for running one of the most tightfisted chip companies in the business. Broadcom spends just 4% of its annual revenue on sales and marketing—compared with 11% on average by companies on the PHLX Semiconductor Index.  Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The Cost of Doing Business With China? A $40,000 Dinner With Xi Jinping Might Be Just the Start
28Nov By adminNo Comments
World

The Cost of Doing Business With China? A $40,000 Dinner With Xi Jinping Might Be Just the Start

Updated Nov. 28, 2023 12:17 am ETBroadcom Chief Executive Hock Tan shelled out $40,000 to sit at Xi Jinping’s table for the Chinese leader’s recent dinner in San Francisco with the heads of American businesses. Tan had a lot more at stake—a $69 billion deal he was waiting on China to approve.For months, Chinese regulators wouldn’t clear the U.S. chipmaker’s bid to buy enterprise software developer VMware, leading Broadcom to put off its date for completion of the deal—first announced in May 2022—three times. Beijing had held up previous mergers involving U.S. companies. Intel’s planned acquisition of Israeli firm Tower Semiconductor, for more than $5 billion, was scuttled in August after Chinese regulators failed to approve it.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reser...
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Stocks Rise, Booking Weekly Gains
11Nov By adminNo Comments
Money

Stocks Rise, Booking Weekly Gains

U.S. stocks climbed Friday, notching a winning week, led by the Nasdaq Composite’s best day in more than five months.The tech-heavy index jumped 2%, its biggest one-day percentage gain since May 26. The S&P 500 rose 1.6%. The Dow Jones Industrial Average added nearly 400 points, or 1.2%. All three indexes finished the week higher, with the Nasdaq up 2.4%. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Stocks Rise, Booking Weekly Gains
10Nov By adminNo Comments
World

Stocks Rise, Booking Weekly Gains

U.S. stocks climbed Friday, notching a winning week, led by the Nasdaq Composite’s best day in more than five months.The tech-heavy index jumped 2%, its biggest one-day percentage gain since May 26. The S&P 500 rose 1.6%. The Dow Jones Industrial Average added nearly 400 points, or 1.2%. All three indexes finished the week higher, with the Nasdaq up 2.4%. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Caltech’s seven-year Wi-Fi patent battle with Apple and Broadcom is over
13Oct By adminNo Comments
Technology

Caltech’s seven-year Wi-Fi patent battle with Apple and Broadcom is over

The California Institute of Technology (Caltech) has reached a settlement with Apple and Broadcom over Wi-Fi chips, ending a billion-dollar patent dispute that started in 2016, Reuters has reported. In a filing, Caltech said that it's dismissing the case with prejudice, meaning it can't be filed again.The saga has taken several turns. Caltech initially alleged that millions of iPhones, iPads, Watches and other Apple devices with Broadcom chips infringed its Wi-Fi based patents. The institute initially won a $1.1 billion jury award, with Apple ordered to pay Caltech $837.8 million and Broadcom to pay an additional $270.2 million.However, Apple appealed, and a federal appeals court overturned the decision, calling the award "legally unsupportable." Specifically, the judge rejected Caltech's...
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