How Broadcom CEO Hock Tan shaped a tech giant through acquisitions

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Hock Tan, CEO of Broadcom, speaks on the floor of the New York Stock Exchange shortly before the opening bell in New York, US, on Feb 12, 2018.

Once a poor "skinny kid" from Malaysia, Hock Tan was going head-to-head with a legendary US technology mogul for a transformative acquisition.

For Tan, now 70, the deal would be the culmination of a string of acquisitions that has helped him turn Broadcom into a technology conglomerate worth $225 billion, along the way building a reputation as an astute dealmaker and ruthless cost-cutter. Tan's cost-cutting reputation prompted VMware's chief executive Raghu Raghuram to write to his employees on the deal's announcement to assure them that the "perception" of Broadcom putting profits ahead of innovation was "inaccurate". He wrote that Tan "is committed to cultivating a shared culture of innovation."

He held several executive positions in Malaysia and the United States, before joining chip maker Integrated Circuit Systems in 1994, rising to become chief executive in 1999.

 

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