Ahead of AI Investment... Broadcom Initiates Early Redemption of 3 Trillion Won Corporate Bonds

Broadcom Inc. (NASDAQ: AVGO) announced on June 11 that it has launched a cash tender offer to early redeem up to $2.5 billion (approximately KRW 3.4 trillion) of its various series of U.S. dollar-denominated senior notes. Purchases will be made according to a predetermined priority schedule, and under the terms set forth in the offer memorandum and notice of guaranteed delivery, the company reserves the right to increase the total purchase limit at a later date.

Following its June 3 announcement of record second-quarter fiscal 2026 results—including revenues of $22.2 billion and 143% year-over-year growth in AI semiconductor sales—Broadcom on June 9 unveiled the AI XPV platform in partnership with Apollo and Blackstone. The platform targets more than 20 gigawatts of AI infrastructure investment worldwide, further expanding Broadcom’s data-center AI business.

Broadcom is a leading global provider of high-performance semiconductors and infrastructure software, offering custom AI accelerators for data centers, networking chips, and communications-equipment chips. With its recent acquisition of VMware, the company has also bolstered its presence in the cloud and enterprise software market.