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The Latest Breaking News from Hock Tan

CEOs got hefty pay raises in 2023, widening the gap with the workers they oversee

The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 13% last year, easily surpassing the gains for workers at a time when inflation was putting considerable pressure on Americans’ budgets

The Independent UK

2 Semiconductor Giants That Could Follow Nvidia With a Stock Split

After industry heavyweight Nvidia announced a 10-for-1 stock split, these high-priced semiconductor stocks could be the next names to follow suit.

Barchart

Broadcom backs down on VMware pricing rules as EU begins investigation following complaints

Existing VMware customers with perpetual licenses will get some support, but Broadcom remains committed to subscriptions.

TechRadar

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Broadcom CEO acknowledges VMware-related “unease”

Broadcom knows that its VMware changes have been pretty aggressive, but it’s all with good intention, says CEO Hock Tan.

TechRadar

Broadcom CEO tells VMWare workers to 'get butt back to office' after completing a $69 billion merger of the two companies

Broadcom CEO Hock Tan was unsparing in his expectations about remote work during a meeting with his new employees.

Fortune

Beijing could scupper another merger involving a US chips firm just as the Biden administration clamps down on China’s tech sector

A delay could be retaliation for new U.S. controls on sales of advanced AI chips to China.

Fortune

Apple plans to drop key Broadcom chip to use in-house design

Apple Inc.’s push to replace the chips inside its devices with homegrown components will include dropping a key Broadcom Inc. part in 2025, according to people familiar with the situation, dealing a blow to one of its biggest suppliers.

Tribune News Service

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Broadcom to buy VMware for $61 billion in record chip deal

Broadcom Inc. agreed to buy cloud-computing company VMware Inc. for about $61 billion, sealing one of the largest technology deals in history and advancing the chipmaker’s quest to become a force in corporate software.

Tribune News Service

Broadcom in talks to acquire cloud company VMware

Broadcom Inc. is in talks to acquire VMware Inc., the cloud-computing company backed by billionaire Michael Dell, setting up a blockbuster tech deal that would vault the chipmaker into a highly specialized area of software.

Tribune News Service

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