What is something you touch at least 10 times everyday?
Perhaps your wallet, your computer, or your smartphone. If it’s an electronic, chances are that it contains technology made possible by Broadcom, even though there’s a fair chance you’ve never heard of them.
Tech companies tend to fly under the radar when they’re only supplying components rather than selling the products themselves to consumers, and that’s exactly the case with Broadcom.
Broadcom may not be a household name, but they supply electronics components to plenty of tech giants you’ve certainly heard of. This is because Broadcom built their business by creating and supplying semiconductors, a crucial component of most household electronics today.
Beyond semiconductors, Broadcom also makes what they call infrastructure software. This translates to applications like broadband networking, wireless connections, and more. They sell everything from fiber optic components to LCD screens to the companies who sell them to you.
A Steady Rise
Unlike many other tech companies, Broadcom didn’t birth from the tech boom of the ‘90s and 2000s; it actually started back in the 1960s, when the company first introduced LED displays. From there, Broadcom moved into fiber optic transmitters, semiconductors, and other optical sensors. Its early start undoubtedly gave it an advantage on the market, as it has much more experience than the more fledgling tech companies.
The massive demand for semiconductors in the last 20 years has made Broadcom a global success story, as they have continuously perfected the art of their production and acquired a number of similar companies along the way. They have continued to expand, largely because they are forward thinking and incredibly receptive to how the times and technology are evolving.
On The Brink of Greatness
As lucrative as the tech industry is, you don’t have to be savvy to know that it’s a competitive space. Some of Broadcom’s most prominent competitors are such giants as Intel in the hardware arena, and Cisco in the software space.
Still, some are predicting an impending jump in Broadcom’s stock prices. This prediction comes as a result of new software company acquisitions for Broadcom, meaning that while their core business remains viable, they now have additional avenues to explore, making them very diversified.
Making The Mechanical Digital
Cars aren’t often thought of as being especially high tech, but that’s changed rapidly in the last 5 years or so. Now, cars are coming standard with network integration, meaning they’re requiring more and more connectivity devices.
Considering that, it should come as no surprise that Broadcom filed a patent claim against Volkswagen in 2018. Though the specifics of the claim were murky, it was clear that Volkswagen wasn’t interested in drawing the matter out, as they settled with Broadcom in just a few short months.
These aren’t the only Broadcom headlines in recent years, though. One of the company’s founders has gotten himself into more than a few scrapes with the law over illicit substances, though he resigned from the company more than 15 years ago, his name still rings synonymous with Broadcom. Unfortunately, there’s not much that the company can do but reiterate that he’s no longer involved with the business.
Broadcom appeared on the Fortune 500 for the first time in 2019, jumping all the way to a rank of 150 in their debut year. This comes after profits soared more than 624% in 2018, and was an exceptional landmark in the companies history.
With profits and promise on the rise, Broadcom may yet become a tech company everyone knows. The world is moving more quickly than ever, and Broadcom is helping to set the pace.