Broadcom's Hoc Tan, seeking to acquire Qualcomm for $105bn, has Bryn Mawr residence

Tom Paine

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The Inquirer ran a story early this year about a couple with a Bryn Mawr residence who gave $20 million to MIT to spur multidisciplinary autism research. Two of their children are on the autism spectrum.

Hoc Tan (Broadcom website)

The couple, Hock Tan and Lisa Yang, are both MIT alumni. They also have a home in California. But the article also mentioned that Hock Tan was CEO of Broadcom, which caused me to do a doubletake and check to make sure it was the chip giant the Inquirer was referring to. It was.

Now Hock Tan, well known to the chip world but perhaps not as well known in the broader business world, has emerged in a very public sense due to Broadcom's $105 billion takeover bid for Qualcomm (rejected this morning). Earlier this month Tan met with President Trump to announce Broadcom was moving its legal headquarters from Singapore to Delaware, though operations are principally based in San Jose. Broadcom has some plants in the Allentown area, but its presence in Pennsylvania ls not huge.

Tan, a Malaysian native, came to America when he was offered a scholarship by MIT and later received an MBA from Harvard. He is credited with leading a consolidation wave in the chip industry.

Their son was first diagnosed at CHOP, and they moved to Philadelphia from Singapore to be near continuing care. But Tan was an executive at two prominent area tech companies, Commodore International (West Chester) and Integrated Circuit Systems (Valley Forge).

From a Bloomberg article today:

"Then in 1994, he joined Integrated Circuit Systems Inc., where he was CEO. During his time there, the chipmaker was taken private, relisted and then sold.

The success brought Tan to the attention of Silver Lake and KKR. The two PE firms tapped him to run Avago Technologies, once a Hewlett-Packard division. Tan used Avago to roll up companies once owned by some of the biggest names in the industry, culminating with last year’s acquisition of Broadcom."

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