Broadcom buys back shares on a massive scale

Broadcom reports that the Board of Directors has approved a new share repurchase program. This program allows for the repurchase of up to 10 billion dollars in common stock through December 31, 2025.

According to CEO Hock Tan, this step reflects the Board of Directors’ confidence in Broadcom’s strength, particularly in the diversified semiconductor and infrastructure software product portfolio. He emphasized that the company occupies a unique position in…