U.S. chipmaker Broadcom has pulled out of plans to invest in a microchip plant in Spain as talks with the government have ...

Broadcom Inc. (NASDAQ:AVGO) is one of the best US stocks to buy according to Billionaires. On July 13, Broadcom reportedly ...

Broadcom has reportedly scrapped its plan to invest US$1 billion in an assembly, test, and packaging (ATP) facility in Spain.

US chipmaker Broadcom has abandoned its planned $1 billion (€910 million) investment in a microchip facility in Spain.

Broadcom did not disclose the investment size, though Madrid had previously hinted the plant could be worth about $1 billion.

Media reports have stated that Broadcom has scrapped its plan of building a microchip manufacturing plant in Spain.

Broadcom (NASDAQ:AVGO) has cancelled plans to invest in a microchip facility in Spain as discussions with the government have broken down, Europa Press reported on Sunday, citing sources. Broadcom did ...

Key Takeaways Broadcom leads in AI chips and networking, driving massive revenue growth.High valuation reflects strong demand ...

Broadcom canceled its planned $1 billion ATP facility in Spain this month due to negotiation breakdown, showing the opportunistic project wasn’t central to its global strategy.

Spain’s Indra Group has signed a €385 million loan agreement with the European Investment Bank (EIB) to boost its investments ...

Broadcom ‘should be a strong beneficiary of the trends towards more custom chip designs,’ says JPMorgan Last Updated: May 30, 2023 at 10:20 a.m. ET First Published: May 30, 2023 at 8:25 a.m. ET ...

Broadcom has a 12-month forward price-to-earnings ratio of 29.8, compared with 31.03 for Nvidia, the first chip firm to hit $1 trillion in market value, according to data compiled by LSEG.