Broadcom may escape the conglomerate’s curse

Broadcom will look like a very different company next year. The trick will be making sure the right things stay the same.

$61 billion acquisition Unveiled last week, VMware leads the chip maker on its way to becoming a new type of technology conglomerate. After the deal closes — currently in Broadcom’s fiscal year expected to end in October 2023 — about half of the company’s total revenue will come from software. that mix can bend even more If the lack of current chip ever becomes And the semiconductor industry reverts back to its cyclical nature. Global chip sales have declined in six of the past 20 years, according to data from the Semiconductor Industry Association.