Broadcom Moving Co-HQ to Delaware from Singapore, CEO Says in White House Announcement

Broadcom CEO Hock Tan announced Thursday he's moving co-headquarters to Delaware from Singapore. Broadcom already operates co-headquarters in San Jose but also operated in Singapore after its 2016 purchase of Avago Technologies. President Donald Trump joined Tan in making the White House announcement, which Tan said came because “business conditions have steadily improved.” Broadcom “will invest more than $3 billion in R&D and $6 billion in manufacturing, creating many high-paying jobs,” Tan said. “More than $20 billion in annual revenue will come back to our cities, towns, and the American workers,” Trump said.