Exhibit 99.1

NEWS RELEASE

Broadcom Trade Press Contact
Bill Blanning
Vice President, Global Media Relations
949-926-5555
blanning@broadcom.com Broadcom Investor Relations Contact
T. Peter Andrew
Vice President, Corporate Communications
949-926-5663
andrewtp@broadcom.com

Broadcom Reports Second Quarter 2008 Results

Conference Call to be Webcast Today at 1:45 p.m. Pacific Time

IRVINE, Calif. — July 22, 2008 — Broadcom Corporation (Nasdaq: BRCM) today reported unaudited financial results for its second quarter ended June 30, 2008.

Net revenue for the second quarter of 2008 was $1.201 billion, an increase of 16.3% compared with the $1.032 billion reported for the first quarter of 2008 and an increase of 33.7% compared with the $897.9 million reported for the second quarter of 2007. Net income computed in accordance with U.S. generally accepted accounting principles (GAAP) for the second quarter of 2008 was $134.8 million, or $.25 per share (diluted), compared with GAAP net income of $74.3 million, or $.14 per share (diluted), for the first quarter of 2008, and GAAP net income of $34.3 million, or $.06 per share (diluted), for the second quarter of 2007.

Net revenue for the six months ended June 30, 2008 was $2.233 billion, an increase of 24.1% from the $1.799 billion reported for the six months ended June 30, 2007. Net income computed in accordance with GAAP for the six months ended June 30, 2008 was $209.1 million, or $.39 per share (diluted), compared with GAAP net income of $95.2 million, or $.16 per share (diluted), for the six months ended June 30, 2007.

Net revenue for the six months ended June 30, 2008 included royalties of $71.2 million received pursuant to a patent license agreement entered into in July 2007. The royalty received in each quarter was $35.6 million.

“Despite continued economic turmoil, demand for Broadcom’s wired and wireless communications products strengthened in the second quarter,” said Scott A. McGregor, Broadcom’s President and Chief Executive Officer. “Our quarterly product revenue, excluding royalties, surpassed the $1.0 billion milestone for the first time in our history in the second quarter, highlighting the growing role that communications plays within our everyday lives at home, at work or while on-the-go. Broadcom excels at integrating multiple forms of communications into a single piece of silicon and is positioned to continue leading this convergence in communications.”

Conference Call Information

As previously announced, Broadcom will conduct a conference call with analysts and investors to discuss its second quarter 2008 financial results and current financial prospects today at 1:45 p.m. Pacific Time (4:45 p.m. Eastern Time). The company will broadcast the conference call via webcast over the Internet. To listen to the webcast, or to view the financial or other statistical information required by Securities and Exchange Commission (SEC) Regulation G, please visit the Investors section of the Broadcom website at www.broadcom.com/investors. The webcast will be recorded and available for replay until 5:00 p.m. Pacific Time, Tuesday, August 5, 2008.

About Broadcom

Broadcom Corporation is a major technology innovator and global leader in semiconductors for wired and wireless communications. Broadcom^® products enable the delivery of voice, video, data and multimedia to and throughout the home, the office and the mobile environment. We provide the industry’s broadest portfolio of state-of-the-art system-on-a-chip and software solutions to manufacturers of computing and networking equipment, digital entertainment and broadband access products, and mobile devices. These solutions support our core mission: Connecting everything^®.

Broadcom is one of the world’s largest fabless semiconductor companies, with 2007 revenue of $3.78 billion, and holds over 2,800 U.S. and 1,200 foreign patents, more than 7,300 additional pending patent applications, and one of the broadest intellectual property portfolios addressing both wired and wireless transmission of voice, video, data and multimedia.

Broadcom is headquartered in Irvine, Calif., and has offices and research facilities in North America, Asia and Europe. Broadcom may be contacted at +1.949.926.5000 or at www.broadcom.com.

Cautions regarding Forward Looking Statements:

All statements included or incorporated by reference in this release and the related conference call for analysts and investors, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our business and industry, management’s beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as “anticipates,” “expects,” “intends,” “plans,” “predicts,” “believes,” “seeks,” “estimates,” “may,” “will,” “should,” “would,” “could,” “potential,” “continue,” “ongoing,” similar expressions, and variations or negatives of these words. Examples of such forward-looking statements include, but are not limited to, references to our expectations regarding customer orders and future revenue growth and our ability to lead the convergence trends in communications. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement.

These risks and uncertainties include, but are not limited to:

• general economic and political conditions and specific conditions in the markets we address, including the continuing volatility in the technology sector and semiconductor industry, trends in the broadband communications markets in various geographic regions, including seasonality in sales of consumer products into which our products are incorporated, and possible disruption in commercial activities related to terrorist activity or armed conflict;

• the timing, rescheduling or cancellation of significant customer orders and our ability, as well as the ability of our customers, to manage inventory;

• our dependence on a few significant customers for a substantial portion of our revenue;

• the gain or loss of a key customer, design win or order;

• the rate at which our present and future customers and end-users adopt Broadcom’s technologies and products in our target markets;

• our ability to specify, develop or acquire, complete, introduce, market and transition to volume production new products and technologies in a cost-effective and timely manner;

• the availability and pricing of third party semiconductor foundry, assembly and test capacity and raw materials;

• intellectual property disputes and customer indemnification claims and other types of litigation risk;

• risks and uncertainties resulting from Broadcom’s equity award review, including potential claims and proceedings related to such matters, such as shareholder litigation and any action by the SEC, U.S. Attorney’s Office or other governmental agency that has resulted in, and could result in further civil or criminal sanctions against the company and/or certain of our current or former officers, directors or employees, or other actions taken or required as a result of the review, and the extent to which we are able to receive reimbursement of our expenses related to such litigation and actions through our directors’ and officers’ insurance carriers. In the event that the company’s coverage under these policies is reduced or denied, our financial exposure would be correspondingly increased;

• our ability to retain, recruit and hire key executives, technical personnel and other employees in the positions and numbers, with the experience and capabilities, and at the compensation levels needed to implement our business and product plans;

• the effectiveness of our expense and product cost control and reduction efforts;

• our ability to scale our operations in response to changes in demand for our existing products and services or demand for new products requested by our customers;

• the quality of our products and any potential remediation costs;

• competitive pressures and other factors such as the qualification, availability and pricing of competing products and technologies and the resulting effects on sales and pricing of our products;

• our ability to timely and accurately predict market requirements and evolving industry standards and to identify opportunities in new markets;

• the risks of producing products with new suppliers and at new fabrication and assembly and test facilities;

• problems or delays that we may face in shifting our products to smaller geometry process technologies and in achieving higher levels of design integration;

• delays in the adoption and acceptance of industry standards in our target markets;

• changes in our product or customer mix;

• the volume of our product sales and pricing concessions on volume sales;

• the timing of customer-industry qualification and certification of our products and the risks of non-qualification or non-certification;

• fluctuations in the manufacturing yields of our third party semiconductor foundries and other problems or delays in the fabrication, assembly, testing or delivery of our products;

• the risks and uncertainties associated with our international operations, particularly in light of terrorist activity, armed conflict or political unrest; and

• the level of orders received that can be shipped in a fiscal quarter.

Our Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other Securities and Exchange Commission filings discuss the foregoing risks as well as other important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition. The forward-looking statements in this release and the related conference call for analysts and investors speak only as of the date they are made. We undertake no obligation to revise or update publicly any forward-looking statement for any reason.

Broadcom^®, the pulse logo, Connecting everything^® and the Connecting everything logo are among the trademarks of Broadcom Corporation and/or its affiliates in the United States, certain other countries and/or the EU. Any other trademarks or trade names mentioned are the property of their respective owners.

BROADCOM CORPORATION
Unaudited Condensed Consolidated Statements of Income
(In thousands, except per share amounts)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2008(a)			2007			2008(a)			2007
Net revenue	$	1,200,931		$	897,920		$	2,233,141		$	1,799,401
Cost of revenue		554,596			437,037			1,035,759			877,986
Gross profit		646,335			460,883			1,197,382			921,415
Operating expense:
Research and development		380,035			332,130			735,723			632,940
Selling, general and administrative		142,017			119,859			253,963			248,506
Amortization of purchased intangible assets		184			200			367			529
In-process research and development		—			10,200			10,900			10,500
Restructuring costs (reversal)		(1,000	)		—			(1,000	)		—
Impairment of other intangible assets		1,900			—			1,900			1,500
Settlement costs		—			—			15,810			—
Income (loss) from operations		123,199			(1,506	)		179,719			27,440
Interest income, net		12,428			32,904			32,532			69,912
Other income (expense), net		(191	)		642			733			(767	)
Income before income taxes		135,436			32,040			212,984			96,585
Provision (benefit) for income taxes		647			(2,216	)		3,881			1,338
Net income	$	134,789		$	34,256		$	209,103		$	95,247
Net income per share (basic)	$	.26		$	.06		$	.40		$	.17
Net income per share (diluted)	$	.25		$	.06		$	.39		$	.16
Weighted average shares (basic)		512,875			540,851			521,606			544,356
Weighted average shares (diluted)		529,977			575,115			534,902			580,427

(a) Includes royalties in the amount of $35.6 million and $71.2 million in the three and six months ended June 30, 2008, respectively, received pursuant to a patent license agreement entered into in July 2007.

     The following table presents details of total stock-based compensation expense included in each functional line item in the unaudited condensed consolidated statements of income above:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2008		2007		2008		2007
Cost of revenue	$	6,237	$	6,861	$	11,702	$	12,675
Research and development		90,003		90,832		168,709		169,263
Selling, general and administrative		31,268		36,607		60,333		69,233

BROADCOM CORPORATION
Unaudited Condensed Consolidated Statements of Cash Flows
(In thousands)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2008			2007			2008			2007
Operating activities
Net income	$	134,789		$	34,256		$	209,103		$	95,247
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		18,115			15,725			35,364			29,024
Stock-based compensation expense:
Stock options and other awards		57,178			86,053			115,207			165,198
Restricted stock units issued by the company		70,330			48,247			125,537			85,973
Acquisition-related items:
Amortization of purchased intangible assets		4,118			2,766			8,236			6,145
In-process research and development		—			10,200			10,900			10,500
Impairment of intangible assets		1,900			—			1,900			1,500
Loss on strategic investments, net		1,760			11			1,760			2,648
Changes in operating assets and liabilities:
Accounts receivable		(117,396	)		(19,280	)		(110,815	)		3,179
Inventory		(34,944	)		9,087			(25,033	)		11,470
Prepaid expenses and other assets		25,054			(356	)		18,758			(16,646	)
Accounts payable		77,815			(10,873	)		123,829			10,602
Accrued settlement liabilities		(12,000	)		—			(2,000	)		(2,000	)
Other accrued and long-term liabilities		20,386			(17,359	)		(26,573	)		293
Net cash provided by operating activities		247,105			158,477			486,173			403,133
Investing activities
Net purchases of property and equipment		(23,405	)		(43,415	)		(49,067	)		(107,379	)
Net cash paid for acquisitions and other purchased intangible assets		(9,943	)		(30,275	)		(29,738	)		(77,952	)
Sale (purchases) of strategic investments		—			306			(355	)		(3,194	)
Purchases of marketable securities		(202,272	)		(188,164	)		(337,466	)		(457,096	)
Proceeds from sales and maturities of marketable securities		72,415			285,978			220,598			664,132
Net cash provided by (used in) investing activities		(163,205	)		24,430			(196,028	)		18,511
Financing activities
Repurchases of Class A common stock		(444,131	)		(216,226	)		(835,863	)		(641,288	)
Minimum tax withholding paid on behalf of employees for restricted stock units		(13,623	)		(12,588	)		(25,753	)		(36,579	)
Proceeds from issuance of common stock, net		78,300			61,625			90,614			142,450
Net cash used in financing activities		(379,454	)		(167,189	)		(771,002	)		(535,417	)
Increase (decrease) in cash and cash equivalents		(295,554	)		15,718			(480,857	)		(113,773	)
Cash and cash equivalents at beginning of period		2,001,269			2,028,619			2,186,572			2,158,110
Cash and cash equivalents at end of period	$	1,705,715		$	2,044,337		$	1,705,715		$	2,044,337

UNAUDITED SUPPLEMENTAL FINANCIAL INFORMATION

	June 30,			March 31,		December 31,
	2008			2008		2007
	(In thousands)
Cash and cash equivalents	$	1,705,715		$	2,001,269	$	2,186,572
Short-term marketable securities		228,418			90,033		141,728
Long-term marketable securities		105,513			114,456		75,352
Total cash, cash equivalents and marketable securities	$	2,039,646		$	2,205,758	$	2,403,652
Decrease from prior quarter end	$	(166,112	)
Decrease from prior year end	$	(364,006	)

BROADCOM CORPORATION
Unaudited Condensed Consolidated Balance Sheets
(In thousands)

	June 30,		December 31,
	2008		2007
ASSETS
Current assets:
Cash and cash equivalents	$	1,705,715	$	2,186,572
Short-term marketable securities		228,418		141,728
Accounts receivable, net		479,832		369,004
Inventory		256,346		231,313
Prepaid expenses and other current assets		89,815		125,663
Total current assets		2,760,126		3,054,280
Property and equipment, net		252,890		241,803
Long-term marketable securities		105,513		75,352
Goodwill		1,386,642		1,376,721
Purchased intangible assets, net		38,371		46,607
Other assets		56,812		43,430
Total assets	$	4,600,354	$	4,838,193
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	435,082	$	313,621
Wages and related benefits		124,276		147,853
Deferred revenue		7,514		15,864
Accrued liabilities		259,617		253,226
Total current liabilities		826,489		730,564
Commitments and contingencies
Long-term deferred revenue		5,878		8,108
Other long-term liabilities		64,217		63,373
Shareholders’ equity		3,703,770		4,036,148
Total liabilities and shareholders’ equity	$	4,600,354	$	4,838,193

BROADCOM CORPORATION
Unaudited Supplementary Financial Data
(In thousands)

     The following table presents details of supplementary financial data included in each functional line item in the unaudited condensed consolidated statements of income:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2008			2007			2008			2007
Cost of revenue:
Stock-based compensation	$	6,237		$	6,861		$	11,702		$	12,675
Amortization of purchased intangible assets		3,934			2,566			7,869			5,616
Research and development:
Stock-based compensation		90,003			90,832			168,709			169,263
Selling, general and administrative:
Stock-based compensation		31,268			36,607			60,333			69,233
Recovery of legal fees related to certain litigation		—			—			(8,569	)		—
Other operating expense:
Amortization of purchased intangible assets		184			200			367			529
In-process research and development (1)		—			10,200			10,900			10,500
Impairment of intangible assets		1,900			—			1,900			1,500
Settlement costs (2)		—			—			15,810			—
Restructuring costs (reversal)		(1,000	)		—			(1,000	)		—
Other:
Employer payroll tax expense on certain stock option exercises		1,169			934			2,099			2,820
Charges related to equity award review		—			(25	)		—			3,409
Loss on strategic investments, net		1,760			11			1,760			2,648
Non-operating gains		—			(126	)		—			(129	)

(1)	Recorded in connection with the company’s acquisition of Sunext Design, Inc. in the six months ended June 30, 2008 and in connection with the company’s acquisition of LVL7 Systems and Octalica, Inc. in the six months ended June 20, 2007.
(2)	Recorded accrued settlement costs included $12.0 million related to Broadcom’s settlement with the Securities and Exchange Commission as well as $3.8 million related to a patent infringement claim in the six months ended June 30, 2008.