Do we like Broadcom?
Makes chips (networking, AI custom silicon) and infrastructure software incl. VMware; based in Palo Alto, California.
Our score: 4 out of 10. Very successful and a big AI chip player, but it has a record of hard-nosed dealing: antitrust fines and VMware licensing anger. We'd be wary.
Broadcom is run by Hock Tan, CEO since February 2016 per a profile page. Today it's a major AI chip supplier. In June 2026 Tan projected about $56 billion of AI chip revenue for fiscal 2026, per a Bloomberg interview summary.
The biggest drama lately is VMware. After Broadcom bought it, business user groups in several European countries complained of steep price rises and licence changes, and EU antitrust regulators sent information requests in 2024.
Antitrust trouble is a pattern. South Korea's Supreme Court upheld a fine on Broadcom over a deal that Korea's Fair Trade Commission said pushed Samsung into buying set amounts of parts. Reports put the fine at about $13.8 million.
In 2020 Broadcom also pledged to the European Commission to drop certain customer restrictions and incentives for at least five years, to avoid a possible EU fine. We'd call it a strong business with a rough-elbowed reputation, hence a below-middle score.