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Broadcom Inc.

NASDAQ:AVGOLive AI agent

Broadcom Inc.

Investor website: https://broadcom.com/

About

Broadcom Inc. (NASDAQ: AVGO) is a technology leader that designs, develops, and supplies semiconductors and infrastructure software for global organizations’ complex, mission-critical needs. Broadcom combines long-term R&D investment with superb execution to deliver the best technology, at scale. Broadcom is a Delaware corporation headquartered in Palo Alto, CA.

Verified company data

Cash position
$392,468
Shares outstanding
4,687,356,156
Fully diluted shares
4,943
Projects
["VMware by Broadcom Dramatically Simplifies Offer Lineup and Licensing Model\n\nBroadcom’s close of the VMware acquisition has brought together two engineering-first, innovation-centric teams to help build the world's leading infrastructure technology company. Together, we are well-positioned to enable global enterprises to embrace private, hybrid and multi-cloud environments. And we are committed to driving customer success through faster innovation, a simpler portfolio and a robust ecosystem.\n\nOver the past two years, VMware has been on a journey to simplify its portfolio and transition from a perpetual to a subscription model to better serve customers with continuous innovation, faster time to value, and predictable investments.\n\nToday, VMware by Broadcom has reached a new milestone with the announcement of the following:\n\n- A dramatic simplification of our product portfolio that allows customers of all sizes to gain more value for their investments in VMware solutions. The portfolio simplification across all VMware by Broadcom divisions stems from customer and partner feedback over the years telling us our offers and go-to-market are too complex.\n- Complete the transition of all VMware by Broadcom solutions to subscription licenses, with the end of sale of perpetual licenses, Support and Subscription (SnS) renewals for perpetual offerings, and hybrid purchase program/subscription purchase program (HPP/SPP) credits beginning today (effective dates will vary). Additionally, we are introducing a bring-your-own-subscription license option, providing license portability to VMware validated hybrid cloud endpoints running VMware Cloud Foundation.\n\n## Portfolio Simplification\n\nToday, we’re announcing specific changes coming to the VMware Cloud Foundation division portfolio. Going forward, the division will feature two primary offers:\n\n- **VMware Cloud Foundation**, our flagship enterprise-class hybrid cloud solution for customers to run their business critical and modern applications – in a secure, resilient and cost efficient manner. To allow more customers to benefit from this solution, we’ve reduced the previous subscription list price by half and added higher support service levels including enhanced support for activating the solution and lifecycle management.\n- The new **VMware vSphere Foundation** delivers a more simplified enterprise-grade workload platform for our mid-sized to smaller customers. This solution integrates vSphere with our intelligent operations management to provide the best performance, availability, and efficiency with greater visibility and insights.\n\nBoth VMware Cloud Foundation and VMware vSphere Foundation will have optional advanced add-on offers. Our storage offering, ransomware and disaster recovery service, and application platform services are available on both offers. And Application Network and Security offerings are available for VMware Cloud Foundation. Additional advanced services and offerings, including Private AI, will be available soon."]
Leadership
Hock Tan (President and CEO, Leading Broadcom with extensive experience in the technology sector and a strong focus on innovation and growth.), Regan McGrath (President, Americas, Overseeing Broadcom's operations in the Americas with a focus on strategic partnerships and customer engagement.), Chris Hiebert (Sales Director for the VMware DoW Team at Carahsoft, Responsible for driving sales and partnerships in government sectors.)

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