Broadcom
Designs chips for networks, the internet and data centers, and makes software for businesses.
📖 Its story
This company was born in 1961 as the chip team of Hewlett-Packard, a famous California company. Over the years it went off on its own and was called Avago. In 2016 it bought Broadcom, a company started by two engineers named Henry, and decided to keep that name.
💵 How it makes money
By selling chips to makers of phones, network equipment and data centers, and by charging for software licenses.
🤯 Fun fact
When Avago bought Broadcom in 2016, the buyer took the name of the company it bought.
👍 The good part
Its chips are inside lots of devices and networks we use without even noticing.
⚠️ The risk
It depends on a few very big customers, so losing one would hurt it a lot.
🧠 Did you get it?
What famous company did Broadcom come from?
🗂️ Quick facts
- Founded in: 1961
- Founded by: It began inside Hewlett-Packard; Broadcom Corp. was founded by Henry Samueli and Henry Nicholas (1991)
- Home: Palo Alto, California, USA
🔎 How to find it on the stock market
- Search the internet for AVGO stock.
- You can also find it in your parents' investing app with the letters AVGO.
- Check how much one share costs and whether today it's green (went up) or red (went down).
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