Home >> Linux >> Trump Says Broadcom Is Moving Headquarters To US From Singapore

Trump Says Broadcom Is Moving Headquarters To US From Singapore

An anonymous reader quotes a report from Bloomberg: President Donald Trump said semiconductor company Broadcom Ltd. is returning its headquarters to the U.S. from Singapore. Broadcom Chief Executive Officer Hock Tan joined Trump Thursday in the Oval Office for the announcement. Tan said the move to domicile the company in the U.S. would bring $20 billion in revenue into the country. The two men didn’t specify the site of the new main location. Broadcom’s website lists San Jose, California, as an existing corporate co-headquarters and has done so since the present company was created in 2016 in one of the semiconductor industry’s largest acquisitions when Avago Technologies Ltd. acquired then-Broadcom Corp. The company’s shares declined as much as 4 percent to $248.87 after the announcement. The stock had gained 47 percent this year through Wednesday’s close.


Share on Google+

Read more of this story at Slashdot.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

*