Broadcom Inc. Announces $10 Billion Share Repurchase Authorization

Core Viewpoint - Broadcom Inc. has announced a new share repurchase program authorized by its Board of Directors to repurchase up to $10 billion of its common stock through December 31, 2025, reflecting confidence in the company's strong cash flow and diversified product franchises [1][2][3]. Group 1: Share Repurchase Program - The new share repurchase program is set to repurchase up to $10 billion of common stock, indicating the Board's confidence in Broadcom's financial strength and product diversification [1][2]. - The program allows for repurchases through various methods, including open market or privately negotiated purchases, with the timing and amount depending on stock price and market conditions [4]. - Broadcom is not obligated to repurchase any specific amount of shares, and the program may be suspended or terminated at any time [4]. Group 2: Company Overview - Broadcom Inc. is a global technology leader that designs, develops, and supplies a wide range of semiconductor and infrastructure software solutions, serving critical markets such as cloud, data center, and enterprise software [5]. - The company's product portfolio includes solutions for service provider and enterprise networking, mobile device connectivity, cybersecurity, and private and hybrid cloud infrastructure [5].