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The Latest Breaking News from Hock Tan

VMware called out after apparently offering this major customer a huge price rise

AT&T is looking to migrate despite the anticipated $40-50 million cost thanks to VMware’s 1,050% price hike.

TechRadar

Chip market high isn't over says Broadcom CEO, with million-accelerator clusters on the horizon

Broadcom’s CEO anticipates ongoing AI chip demand as LLMs progress, with non-AI components recovering soon.

TechRadar

Broadcom fourth-quarter revenue falls short of expectations despite AI revenue rise

Broadcom’s revenue continues to grow thanks to AI, but other verticals could be to blame for a net loss.

TechRadar

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Who Are The Top CEOs With The Highest Pay In The US And One Who Caps His To 5X His Company's Lowest Salary?

Dr. Bronner's, the soap company known for fair practices, caps CEO pay at just 5 times the lowest worker's wage.

International Business Times UK

How Does Your Pay Compare to Elon Musk’s?

Elon Musk's multibillion-dollar pay package puts inequality back in the spotlight.

Kiplinger

How Elon Musk's $44.9B Tesla pay package compares with the most generous plans for other U.S. CEOs

Even though the median U.S. CEO pay package last year was nearly 200 times more than a worker in the middle of their company pay scales, Elon Musk’s record-setting Tesla compensation dwarfs them by comparison

The Independent UK

VMware revenues appear to plummet, but Broadcom says everything is fine

VMware seems to report significant drop in quarterly revenue, but Broadcom’s CEO says that’s not the full picture.

TechRadar

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CEO pay is rising, widening the gap between top executives and workers. What to know, by the numbers

The typical compensation for CEOs of S&P 500 companies keeps climber higher — and outpacing the wages of average workers today

The Independent UK

CEOs made nearly 200 times what their workers got paid last year

Even with Covid wage rises, the gap between the person in the corner office and everyone else keeps getting wider

The Independent UK

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

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

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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.

Tribune News Service

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

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.

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