President Donald Trump on Thursday hosted Hock E. Tan, CEO of the tech company Broadcom Limited, at the White House, where Tan announced his company would “make America home again.”
Tan touted his and Broadcom’s deep ties to the U.S. and credited Trump with creating conditions for the globalized company to relocate to the U.S. from Singapore. Broadcom manufacturessemiconductors and makes $20 billion in annual revenue that will soon be legally situated in Delaware.
“Our commitment to redomicile into the United States is a huge reaffirmation—to our shareholders and to the 7,500 employees we have across 24 states in America today—that America is once again the best place to lead a business with a global footprint,” Tan said.
Tan pointed to difficult conditions for running a business as the reason Broadcom had moved overseas, but he said the company’s identity has remained American.