...September 26, 2024 SAN FRANCISCO (S&P Global Ratings) Sept. 26, 2024--S&P Global Ratings today assigned its '###' issue-level rating to Broadcom Inc.'s proposed senior unsecured notes. The firm intends to use the proceeds from these notes to repay a portion of its outstanding senior term loans while employing the remainder for general corporate purposes. Our '###' issuer credit rating and stable outlook on Broadcom are unchanged. The company's product diversity across the various semiconductor and software end markets, exposure to AI tailwinds, and strong operating efficiencies have supported solid financial results since we upgraded it in November 2023. Robust AI revenues have offset continued weakness in its legacy semiconductor businesses through fiscal 2024 (ending October 2024) and we now expect its full-year revenues to exceed $51 billion and free cash flow to reach $20 billion for the year. Looking ahead, we expect continued demand from custom application-specific integrated circuit...
