It agreed to acquire legacy software vendor CA Technologies for $19 billion in July 2018, and snatched up security software company Symantec for $10.7 billion in August 2019. "The recent acquisition of VMware was essentially another step towards the direction of creating a very balanced mix between" chips and infrastructure software geared to the enterprise, he said. Broadcom's infrastructure software division generated $5.82 billion in revenue for the quarter, nearly tripling from last year's $1.97 billion, a number that included a big boost from VMware. Broadcom's revenue in fiscal 2016 was $13.2 billion, and its biggest business was semiconductors for set-top boxes and broadband access. AI revenue will jump 65% year-on-year to $3.8 billion, the company said.

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Persons: Donald Trump, Hock Tan, Tan, Trump, would've, Hock Tan wasn't, CNBC's Jim Cramer, It's, Cantor, Avago, Cramer, " Tan, Broadcom's, Piper Sandler, Harsh Kumar, CNBC's, Kumar Organizations: Broadcom, White, Getty, Qualcomm, Trump, Technologies, Symantec, VMware, Activision Blizzard, EMC, Nvidia, Apple, Microsoft, Intel, Devices, Agilent Technologies, Meta Locations: United States, Singapore, Washington , DC, U.S, XPUs, Avago, California