Announces $10 Billion Share Repurchase Authorization
Summary
"Todays announcement of a share repurchase program reflects the Boards confidence in the strength of Broadcoms diversified semiconductor and infrastructure software product franchises. (NASDAQ: AVGO) is a global technology leader that designs, develops, and supplies a broad range of semiconductor, enterprise software and security solutions. Broadcoms category-leading product portfolio serves critical markets including cloud, data center, networking, broadband, wireless, storage, industrial, and enterprise software. Our solutions include service provider and enterprise networking and storage, mobile device and broadband connectivity, mainframe, cybersecurity, and private and hybrid cloud infrastructure. We undertake no intent or obligation to publicly update or revise the forward-looking statements made in this announcement, whether as a result of new information, future events or otherwise, except as required by law.