Broadcom announces new $10 billion share buyback plan

Quick Summary:

Broadcom said on Monday it was launching a new share buyback program of up to $10 billion, set to run through the end of the year.

Shares of the chipmaker rose nearly 3 per cent in extended trading.

CEO Hock Tan said the move reflects confidence in Broadcom's semiconductor and infrastructure software franchises, particularly its position in artificial intelligence-related investments.

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Category: EconomyBusiness

Markets: Singapore

Topics: Logo Mediacorp Photo: Shares Displayed Broadcom Computer File Smartphone Placed Experience

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News Sentiment: Negative

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Article Type: News Report

Published On: 2025-04-08 @ 04:27:20 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 164 words

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Sentences: 11 lines

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News ID: 27681268

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