Trump Says Broadcom Will Move Headquarters to U.S.

President Donald Trump said semiconductor company Broadcom Ltd. is returning its headquarters to the U.S. from Singapore.

Broadcom Chief Executive Officer Hock Tan joined Trump Nov. 2 in the Oval Office for the announcement. Tan said the move to domicile the company in the U.S. would bring $20 billion in revenue into the country.

The two men didn’t specify the site of the new main location. Broadcom’s website lists San Jose, Calif., as an existing corporate co-headquarters and has done so since the present company was created in 2016 in one of the semiconductor industry’s largest acquisitions when Avago Technologies ...