Apple Inc. on Tuesday said it has entered a multi-billion-dollar deal with chipmaker Broadcom Inc. to use chips made in the United States. Under the multi-year deal, Broadcom will develop 5G radio frequency components with Apple that will be designed and built in several U.S. facilities, including Fort Collins, Colorado, where Broadcom has a major…

Britain said it would investigate Broadcom’s acquisition of VMware in depth after the U.S. chipmaker offered no immediate undertakings in response to its concerns about the impact of the $61 billion deal on the server market. Britain’s Competition and Markets Authority said earlier this month that Broadcom’s acquisition of the cloud computing and virtualization company…

LONDON—Computer chip and software maker Broadcom’s $61 billion deal to buy cloud technology company VMware is facing scrutiny from European Union regulators who voiced concern Tuesday over potential threats to competition. The in-depth investigation was opened due to Broadcom hardware that works together with VMware software, potentially locking out rival technology, the EU’s executive Commission…

Broadcom Inc forecast fourth-quarter revenue above estimates on Thursday as the semiconductor company expects resilient demand from businesses going digital to help it weather a likely chip industry slowdown. Shares of the company rose 2.4 percent to $503 in extended trading after third-quarter results also sailed past expectations. “From our vantage point, infrastructure demand is…

Raymond James analyst Simon Leopold downgraded VMware, Inc. VMW from Outperform to Market Perform. The re-rating reflects the expiry of the “Go Shop” period with no other bidders. He expects Broadcom Inc. AVGO deal to win approval but will take about a year to close. Leopold views Broadcom’s bid of $61 billion, or $142.50 per…

Broadcom Inc. on Thursday announced it will acquire VMware Inc. in a cash-and-stock transaction that values the multi-cloud company at approximately $61 billion. What to Know VMware’s multi-cloud portfolio spans application modernization, cloud management, cloud infrastructure, networking, security and more. Following the closing of the transaction, the Broadcom Software Group will rebrand as VMware and incorporate Broadcom’s existing infrastructure and security software solutions as part of…

Analysts boosted their price targets on Broadcom Inc. post Q1 FY22 results. Baird analyst Tristan Gerra raised the price target on Broadcom from $690 to $700 (21 percent upside) and kept an Outperform. The analyst said strong demand continues and will likely accelerate year-over-year this quarter, driven by enterprise IT, hyper-scale and cloud, switches upgrades in networking, storage network…

Analysts lifted their price targets on Broadcom Inc., citing deal prospects and demand for its products. Goldman Sachs maintained a Buy and raised the price target from $589 to $670 (7.8 percent upside). Barclays analyst Blayne Curtis raised the price target to $650 from $540 (4.6 percent upside) and kept an Overweight. The company’s next…