The company, which manufactures communications chips around the world, said it would relocate its legal address to DE once shareholders approve the move.
Broadcom corporate headquarters are already located in San Jose, Calif., but it will relocate its legal address from Singapore to DE once shareholders approve the move.
President Donald Trump has announced that semiconductor manufacturer Broadcom, now based in Singapore, will move its main headquarters back to the U.S., a media report said. "We're looking forward to seeing that number grow very substantially, which it is now anticipated to do".
Tan pointed to hard conditions for running a business as the reason Broadcom had moved overseas, but he said the company's identity has remained American.
Last month, the Semiconductor Industry Association endorsed Trump's framework for revising the US corporate tax structure, saying it would "allow USA semiconductor companies to continue to grow and innovate here at home".
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A year ago, Broadcom entered into a $5.5-billion agreement to merge with San Jose network provider Brocade Communications Systems Inc., but that has been delayed while the deal is scrutinized by the Committee on Foreign Investment in the United States.
The company also has 7,500 American employees in 24 states across the U.S.
"With this commitment, more than 20 billion dollars in annual revenue will come back to our cities, towns and the American workers", he declared.
Broadcom traces its origins to blue-chip American companies like AT&T, Bell Laboratories, Lucent, and Hewlett-Packard.
"The proposed tax reform package would level the global playing field and allow us to compete worldwide from here in the United States", he added. "From our base here, each year we will invest $3 billion in research and engineering and $6 billion in manufacturing, resulting in more high-paying tech jobs".