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The Latest Breaking News from Hock Tan

CEOs made nearly 200 times what their workers got paid last year

Even with Covid wage rises, the gap between the person in the corner office and everyone else keeps getting wider

The Independent UK

CEOs got hefty pay raises in 2023, widening the gap with the workers they oversee

The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 13% last year, easily surpassing the gains for workers at a time when inflation was putting considerable pressure on Americans’ budgets

The Independent UK

2 Semiconductor Giants That Could Follow Nvidia With a Stock Split

After industry heavyweight Nvidia announced a 10-for-1 stock split, these high-priced semiconductor stocks could be the next names to follow suit.

Barchart

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Broadcom backs down on VMware pricing rules as EU begins investigation following complaints

Existing VMware customers with perpetual licenses will get some support, but Broadcom remains committed to subscriptions.

TechRadar

Broadcom CEO acknowledges VMware-related “unease”

Broadcom knows that its VMware changes have been pretty aggressive, but it’s all with good intention, says CEO Hock Tan.

TechRadar

Analysts reveal new Broadcom price targets after mixed earnings

The chip-equipment stalwart is set to capitalize on the huge wave of AI spending this year.

The Street

Broadcom CEO tells VMWare workers to 'get butt back to office' after completing a $69 billion merger of the two companies

Broadcom CEO Hock Tan was unsparing in his expectations about remote work during a meeting with his new employees.

Fortune

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Beijing could scupper another merger involving a US chips firm just as the Biden administration clamps down on China’s tech sector

A delay could be retaliation for new U.S. controls on sales of advanced AI chips to China.

Fortune

Broadcom: AI Demand Seen Driving Revenue Gains, Earnings Top Forecasts

Q2 was driven by "demand for next generation technologies from hyperscale, while enterprise and service providers continued to sustain,' CEO Hock Tan said.

The Street

Apple plans to drop key Broadcom chip to use in-house design

Apple Inc.’s push to replace the chips inside its devices with homegrown components will include dropping a key Broadcom Inc. part in 2025, according to people familiar with the situation, dealing a blow to one of its biggest suppliers.

Tribune News Service

Broadcom Stock Jumps On Q4 Earnings Beat, Solid Near-Term Outlook

"Hyperscale spending continues strong, enterprise consumption continues strong and broadband deployment across North America, Europe and even parts of Asia continues their multiyear trend of growth," said CEO Hock Tan.

The Street

Broadcom Stock Gains As Q3 Earnings, Outlook Challenge Chip Sector Gloom

"While consumer IT hardware spending has been reported to be very weak, from our vantage point, infrastructure spend is still very much holding," said CEO Hock Tan.

The Street

Broadcom to buy VMware for $61 billion in record chip deal

Broadcom Inc. agreed to buy cloud-computing company VMware Inc. for about $61 billion, sealing one of the largest technology deals in history and advancing the chipmaker’s quest to become a force in corporate software.

Tribune News Service

Broadcom Reportedly in Talks to Snap Up VMWare

That appetite for new companies had placed Broadcom into a chip company with almost every possible tool at its disposable.

The Street

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Tribune News Service

Broadcom in talks to acquire cloud company VMware

Broadcom Inc. is in talks to acquire VMware Inc., the cloud-computing company backed by billionaire Michael Dell, setting up a blockbuster tech deal that would vault the chipmaker into a highly specialized area of software.

The Street

VMware Stock Surges On Reports of Potential $50 Billion Broadcom Takeover

Broadcom's acquisition march under CEO Hock Tan is reportedly set to continue with the potential $50 billion takeover of cloud software specialists VMware.

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