Broadcom successfully completes move back to the United States from Singapore
Broadcom, which was a U.S. company until it was bought in 2016 by Singapore’s Avago, had announced its plan to redomicile on 2 November.
A sign to the campus offices of chip maker Broadcom Ltd. Reuters[/caption]Broadcom, which was a U.S. company until it was bought in 2016 by Singapore’s Avago, had announced its plan to redomicile on 2 November, days before making its first offer for Qualcomm. The company said it exchanged all shares of Broadcom Ltd to newly issued stock of Broadcom Inc on a one-for-one basis and that its stock would continue to trade under the same ticker.Broadcom’s existing co-headquarters in San Jose, California will become its sole headquarters, the company said. The move to the United States could allow Broadcom to buy U.S. companies without coming under the scrutiny of the Committee on Foreign Investment in the United States (CFIUS), which has the power to stop deals that could harm national security.Broadcom’s shares were up 0.4 percent at $237.97 n after hours trading.
Why AI notetakers are raising serious privacy and security concerns
China's low-cost AI models are changing the global AI race. Here's why Silicon Valley is worried
China's Kimi K3 challenges US AI leaders with frontier-level performance at lower cost
How did Instagram run ads promoting child abuse in India?
Why has India halted WhatsApp’s username feature before launch?