The Singapore company said on Friday that its shareholders have overwhelmingly approved the decision to relocate the company's official base to the United States. The shareholder approval rate is as high as 99%. Broadcom said that it expects to complete the relocation after the US stock market closes on April 4. This change still needs to wait for the approval of Singapore's relevant departments.
Broadcom, formerly known as Anwar Tech, also underwent a series of acquisitions under the leadership of CEO Hock Tan, including the acquisition of Broadcom for $36 billion in 2016. Last year, Broadcom offered $142 billion for hostile takeover of Qualcomm, but The latter was struggling to resist it.