Broadcom Inc.

Marvell agrees to buy Lumentum in all-stock AI optics deal

Competitor

Marvell Technology agreed on November 2 to buy Lumentum for about $115 billion in stock, offering 4.5 Marvell shares for each Lumentum share. The value of that fixed exchange ratio has since fallen with Marvell's stock: at the November 6 close it was worth about $635 per Lumentum share, down from $1,132 at signing.

Updated 3 days ago

VMware folds its telco platform into Cloud Foundation

New Capabilities

Owns VMware and sells VCF Telco

Broadcom stopped selling VMware's telco platform as a separate product on November 2, 2026. Its network features now come with VMware Cloud Foundation, the same bundle enterprises buy, under the name VCF Telco.

Updated Nov 3

Trump accounts launch: America's first universal child investment program

Rule Changes

As of July 2026: Committed to Trump Accounts program

The program launched July 4, 2026, opening for contributions on America's 250th birthday. Treasury deposited $1,000 into 1.4 million eligible accounts, committing $1.4 billion in total; 6 million children are now enrolled.

Updated Jul 7

Nvidia builds an AI empire through billion-dollar ecosystem investments

Money Moves

As of July 2026: Primary competitor to Marvell in custom AI chips; not part of Nvidia's investment ecosystem

Since May 2025, Nvidia has committed more than $40 billion to companies building AI infrastructure, a total dominated by a $30 billion stake in OpenAI confirmed in February 2026. May brought two more deals: $3.2 billion for glass and fiber maker Corning, and $2.1 billion for data center operator IREN.

Updated Jul 2

OpenAI builds its own AI chip with Broadcom

New Capabilities

As of June 2026: Builds and ships the chip

Every time you ask ChatGPT a question, OpenAI rents the chips that answer it, mostly from Nvidia. On June 24, OpenAI and Broadcom unveiled Jalapeño, OpenAI's first chip of its own, built to do that work for roughly half the cost.

Updated Jun 25

America's multi-gigabit broadband buildout reaches mass-market scale

Built World

As of May 2026: Dominant supplier of broadband gateway and Wi-Fi silicon; pushed Wi-Fi 8 down to mass-market price tier

For two decades, 'fiber to every home' was promised and postponed — not because of the fiber, but because gateway hardware stayed too expensive for carriers to include free. On April 30, 2026, Broadcom announced chipsets designed to change that: a 10-gigabit passive optical network (PON) gateway system-on-chip and two paired Wi-Fi 8 radios, all engineered for mass-market price points.

Updated May 31