Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Broadcom Inc.    AVGO

BROADCOM INC.

(AVGO)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Broadcom : to end exclusivity deals for seven years in EU antitrust deal

10/07/2020 | 06:42am EST
FILE PHOTO: A sign to the campus offices of chip maker Broadcom Ltd, who announced on Monday an unsolicited bid to buy peer Qualcomm Inc for $103 billion, is shown in Irvine, California

BRUSSELS (Reuters) - U.S. chipmaker Broadcom will scrap its exclusivity deals with TV and modem makers in a deal with EU antitrust regulators aimed at ending a year-long investigation without a finding of wrongdoing, the European Commission said on Wednesday.

The European Commission launched an investigation into the company in June last year and even threatened to issue an interim order, its first in almost two decades, to stop such practices while the probe was ongoing.

Broadcom, which makes chips to power smartphones, computers and networking equipment and is a major supplier to Apple, subsequently offered to end its exclusivity deals.

"Broadcom will suspend all existing agreements containing exclusivity or quasi-exclusivity arrangements and/or leveraging provisions concerning Systems-on-a-Chip (SoCs) for TV set-top boxes and Internet modems, and has committed not to enter into new agreements comprising such terms," the EU competition regulator said in a statement.

In Europe, Broadcom will not offer price or non-price incentives to TV and modem makers to buy a minimum number of its products nor tie such purchases to sales of other products.

On a worldwide level excluding China, it also pledged not to offer price or non-price incentives to TV and modem makers to buy more than 50% of its products nor tie such purchases to sales of other products for more than 50% of their products.

The concessions are valid for seven years.

(Reporting by Foo Yun Chee, editing by Louise Heavens)

By Foo Yun Chee


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 0.48% 116.59 Delayed Quote.58.05%
BROADCOM INC. 1.05% 394.95 Delayed Quote.24.98%
All news about BROADCOM INC.
11/10FACTBOX : European regulators versus Silicon Valley
RE
11/10BROADCOM : Announces World's First Automotive IEEE 802.3ch Multigigabit PHYs and..
AQ
11/10Broadcom Announces World's First Automotive IEEE 802.3ch Multigigabit PHYs an..
GL
11/10BROADCOM INC. : to Announce Fourth Quarter and Fiscal Year 2020 Financial Result..
PR
10/28AMD, Nvidia Chip Away at Intel's Semiconductor Dominance -- Update
DJ
10/28AMD, Nvidia Chip Away at Intel's Semiconductor Dominance
DJ
10/27FACTBOX : Biggest global deals in the fast-growing chip industry
RE
10/19Intel Enters Deal to Sell NAND Memory Unit to SK Hynix -- 2nd Update
DJ
10/19Intel Enters Deal to Sell NAND Memory Unit to SK Hynix --Update
DJ
10/19Intel Nears Deal to Sell NAND Memory Unit to SK Hynix -- Update
DJ
More news
Financials (USD)
Sales 2020 23 856 M - -
Net income 2020 2 641 M - -
Net Debt 2020 34 485 M - -
P/E ratio 2020 65,9x
Yield 2020 3,29%
Capitalization 160 B 160 B -
EV / Sales 2020 8,14x
EV / Sales 2021 7,28x
Nbr of Employees 19 000
Free-Float 97,5%
Chart BROADCOM INC.
Duration : Period :
Broadcom Inc. Technical Analysis Chart | AVGO | US11135F1012 | MarketScreener
Technical analysis trends BROADCOM INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 34
Average target price 400,90 $
Last Close Price 394,95 $
Spread / Highest target 13,9%
Spread / Average Target 1,51%
Spread / Lowest Target -19,0%
EPS Revisions
Managers
NameTitle
Hock E. Tan President, Chief Executive Officer & Director
Henry Samueli Chairman
Boon Chye Ooi Senior Vice President-Global Operations
Thomas Harry Krause Chief Financial Officer
Andy Nallappan Chief Information Officer & Vice President