broadcom

Broadcom said on Thursday it expects $10 billion in revenue from chips related to artificial intelligence this year, but its stock dipped after the tech company's full-year forecast failed to impress investors.Smaller rival Marvell Technology's forecast revenue below market expectations, sending its stock down over 6% in extended trading.Both companies are being closely watched by investors who believe they will capture a piece of the boom in AI technologies such as OpenAI's ChatGPT or Google's Gemini. Elevate Your Tech…

Broadcom Inc., a chip supplier for Apple Inc. and other big tech companies, predicted that AI spending would fuel growth more quickly than expected this year, even as sluggish demand in other areas weighs on semiconductor sales.The company's semiconductor division posted revenue of $7.39 billion in the fiscal first quarter, Broadcom said Thursday, missing the $7.7 billion projected by analysts. Still, the chipmaker remains on track for $50 billion in sales during fiscal 2024, which ends in October. That's in line with…

Chipmaker Broadcom is nearing a $3.8 billion deal to sell its business that allows users to access desktops and applications from any device to private equity firm KKR, people familiar with the matter said on Saturday.The potential deal represents an effort by Broadcom CEO Hock Tan to streamline the company's portfolio after completing its $69 billion takeover of software maker VMware in November.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in Data…

EU antitrust chief Margrethe Vestager will meet the chief executives of Apple, Alphabet, Broadcom and Nvidia in the United States next week, her communications advise said on Friday.The meetings come a month after Vestager resumed her job following her failed bid to head the Luxembourg-based European Investment Bank, with antitrust experts expecting her to show a tougher line towards companies in both merger and competition investigations.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Chipmaker Broadcom will lay off about 1,300 VMware employees in California following its acquisition of the cloud-computing firm, reported Bloomberg News on Thursday.Broadcom did not immediately respond to a Reuters request for comment. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Digital TransformationVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitMITMIT Technology Leadership and InnovationVisitThe chipmaker will…

Broadcom's mega $61 billion VMware acquisition has closed following considerable scrutiny by regulators, the company announced in a press release. With China recently granting approval for the acquisition with added restrictions, the network chip manufacturer had secured all the required approvals."Broadcom has received legal merger clearance in Australia, Brazil, Canada, China, the European Union, Israel, Japan, South Africa, South Korea, Taiwan, the United Kingdom, and foreign investment control clearance in all…

Broadcom just took a big step toward clinching its $61 billion purchase of VMware, albeit with some requirements attached. The EU's European Commission has approved the merger following a months-long investigation of the potential competitive harm. Officials found that Broadcom only had limited opportunities to abuse its power, and that some remedies could ensure healthy competition going forward. The Commission determined that Broadcom doesn't have a "strong position" that could hurt competition in network and storage…

Broadcom and Apple now face trial over how much they owe university for patent infringement. Broadcom and Apple now face trial over how much they owe university for patent infringement. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content…

Cisco Systems on Tuesday launched networking chips for AI supercomputers that would compete with offerings from Broadcom and Marvell Technology.Chips from its SiliconOne series are being tested by five of the six major cloud providers, Cisco said, without naming the firms. Key cloud players include Amazon Web Services, Microsoft Azure and Google Cloud, which together dominate the market for cloud computing, according to Bofa Global Research. The rising popularity of AI applications such as ChatGPT, which is powered by a…

Cisco Systems on Tuesday launched networking chips for AI supercomputers that would compete with offerings from Broadcom and Marvell Technology.The chips are being tested by five of the six major cloud providers, Cisco said, without naming the firms. Key cloud players include Amazon Web Services, Microsoft Azure and Google Cloud, which together dominate the market for cloud computing, according to Bofa Global Research.The rising popularity of AI applications such as ChatGPT, which is powered by a network of specialised…