3M vs Broadcom: Founders, CEOs and History
3M was founded in 1902 by J. Danley Budd, John Dwan, Henry S. Bryan and is led by William M. "Bill" Brown. Broadcom was founded in 1991 by Henry Samueli, Henry Nicholas III and is led by Hock Tan.
Company facts
Founders
3M
J. Danley Budd
Budd was the doctor among 3M's five founders. The others were attorney John Dwan, meat market owner Hermon W. Cable, and railroad men Henry S. Bryan and William A. McGonagle.
John Dwan
John Dwan was one of the five original founders of 3M, contributing his legal expertise and local Minnesota business connections to the venture's organization in 1902.
Henry S. Bryan
Bryan was one of the two railroad men in the founding group, alongside William A. McGonagle, and joined physician J. Danley Budd, attorney John Dwan and meat market owner Hermon W.
Hermon W. Cable
Cable was the merchant of the founding group, which also included physician J. Danley Budd, attorney John Dwan and railroad men Henry S. Bryan and William A. McGonagle.
William A. McGonagle
McGonagle and Henry S. Bryan were the railroad men of the founding group; the others were physician J. Danley Budd, attorney John Dwan and meat market owner Hermon W. Cable.
Broadcom
Henry Samueli
Henry Samueli co-founded Broadcom Corporation in Los Angeles in 1991 with Henry Nicholas III, his former doctoral student, and served as its chief technical officer while the company built chips for cable modems, set-top boxes, Ethernet and Wi-Fi.
Henry Nicholas III
Henry Nicholas III co-founded Broadcom Corporation with Samueli in 1991 and was its president and CEO through the cable modem boom, the April 1998 IPO and a string of stock-funded acquisitions in 1999 and 2000. He resigned in January 2003.
CEOs and their tenures
3M
- William McKnight1914–1966
General Manager, President, and Chairman
William Lester McKnight is more responsible than any founder for creating the organizational philosophy and cultural infrastructure that made 3M's sustained innovation record possible across the twentieth century.
Source - Lew Lehr1980–1986
Chief Executive Officer
Lew Lehr led 3M during one of its most commercially successful periods, overseeing the national launch of Post-it Notes in 1980 and managing the company's expansion into international markets during a period of strong global economic growth.
Source - James McNerney2001–2005
Chairman and Chief Executive Officer
W. James McNerney Jr. was the first CEO hired from outside 3M, arriving from General Electric in 2001. He introduced GE-style Six Sigma process discipline and cost controls across 3M before leaving in mid-2005 to become chairman and CEO of Boeing.
Source - George Buckley2005–2012
Chief Executive Officer
George Buckley, who joined 3M from Brunswick Corporation in 2005, is credited with reinvesting in 3M's research and development capabilities after a period under his predecessor James McNerney when cost-cutting had reduced R&D spending and raised questions abo…
Source - Inge G. Thulin2012–2018
Chairman, President and Chief Executive Officer
Swedish-born Inge G. Thulin, a 3M veteran who had built its international business and served as chief operating officer, became president and CEO on February 24, 2012, succeeding George Buckley.
Source - Michael F. Roman2018–2024
Chairman and Chief Executive Officer
Michael F. Roman, previously 3M's chief operating officer, succeeded Inge Thulin as CEO on July 1, 2018.
Source - William M. Brown2024–present
Chief Executive Officer
William M. "Bill" Brown became 3M's CEO on May 1, 2024, weeks after the April 1 spin-off of Solventum, succeeding Michael Roman.
Source
Broadcom
- Henry Samueli1991–present
Co-Founder and Chairman of the Board
Henry Samueli co-founded Broadcom Corporation in 1991 and, as chief technical officer, led the engineering behind its cable modem, Ethernet and Wi-Fi chips. He joined the board after Avago bought Broadcom Corporation in 2016 and is chairman of Broadcom Inc.
Source - Henry Nicholas III1991–2003
Co-Founder; President and CEO of Broadcom Corporation
Henry Nicholas III ran Broadcom Corporation from its founding through its April 1998 IPO and the dot-com boom, then resigned in January 2003. Backdating and drug charges brought against him in 2008 were dismissed in December 2009 and January 2010.
Source - Scott McGregor2005–2016
President and CEO of Broadcom Corporation
Scott McGregor led Broadcom Corporation from 2005 until Avago completed its $37 billion acquisition in February 2016, a period when the company expanded in Wi-Fi, Bluetooth, set-top box and data center switch chips.
Source - Hock Tan2006–present
President and Chief Executive Officer
Hock E. Tan became CEO of Avago Technologies in March 2006 and has run the company through its acquisitions of LSI (2014), Broadcom Corporation (2016), Brocade (2017), CA Technologies (2018), Symantec's enterprise business (2019) and VMware (2023).
Source - Kirsten Spears2020–2026
Chief Financial Officer
Kirsten Spears was CFO for about six years of her 12 years at Broadcom, covering the VMware financing and the AI-driven growth of 2024 and 2025. She retired on 12 June 2026 and agreed to advise the company for nine months.
Source - Amie Thuener2026–present
Chief Financial Officer
Amie Thuener joined Broadcom as CFO on 12 June 2026 from Alphabet, where she had been vice president, corporate controller and chief accounting officer since 2018, after an earlier career at PricewaterhouseCoopers.
Source
Timeline: 3M and Broadcom side by side
19023M
Company Founded in Two Harbors, Minnesota
Five Minnesota businessmen incorporate the Minnesota Mining and Manufacturing Company with the intention of mining corundum abrasive mineral from a deposit on the Lake Superior shore.
19103M
Relocation to Saint Paul and First Laboratory
3M relocates its operations to Saint Paul, Minnesota, establishing the geographic base that it would maintain for the remainder of the twentieth century.
19213M
Wetordry Waterproof Sandpaper Introduced
Researcher Francis Okie develops Wetordry waterproof sandpaper, the first 3M product to achieve significant commercial success by offering genuine technical differentiation from competing products.
19253M
Masking Tape Invented by Richard Drew
Richard Drew, a 3M laboratory researcher who observed automotive painters struggling with imprecise color boundary masking, develops a pressure-sensitive masking tape that allows clean paint line definition without surface damage upon removal.
19303M
Scotch Transparent Tape Commercialized
Richard Drew extends his adhesive tape work to create a transparent, pressure-sensitive tape initially called Scotch tape.
19623M
Headquarters Moves to 3M Center in Maplewood
After 52 years in St. Paul, 3M outgrew its campus and moved its headquarters to 3M Center in Maplewood, Minnesota, where it remains.
19763M
3M Added to the Dow Jones Industrial Average
3M is added to the Dow Jones Industrial Average, reflecting its status as one of the defining companies of American industrial manufacturing.
19803M
Post-it Note Launched Nationally
After a limited test market launch in 1977 and a national rollout beginning in 1980, Post-it Notes become one of the most successful new product launches in 3M history.
1991Broadcom
Broadcom Corporation founded
UCLA professor Henry Samueli and his former doctoral student Henry Nicholas III found Broadcom Corporation in Los Angeles to build broadband communications chips in CMOS, starting with chips for cable modems and digital set-top boxes.
19963M
Imation Spin-off
3M spun off its data storage and imaging businesses as Imation Corporation, shedding about 20% of its sales in product lines such as removable storage media and photographic film.
1998Broadcom
Broadcom Corporation IPO
Broadcom Corporation lists on Nasdaq in April 1998 at $24 a share, as cable operators roll out DOCSIS cable modems built on its chips.
20023M
Legal Name Changed to 3M Company
On April 8, 2002, 3M's centennial year, Minnesota Mining and Manufacturing Company changed its legal name to 3M Company, adopting the abbreviation it had long used as its brand.
2005Broadcom
Avago Technologies formed
KKR and Silver Lake buy Agilent Technologies' semiconductor products group, whose roots go back to Hewlett-Packard's chip operations, for about $2.66 billion and name it Avago Technologies.
2006Broadcom
Hock Tan becomes CEO of Avago
Hock Tan becomes president and CEO of Avago in March 2006 and begins pruning its portfolio to the businesses with defensible technology.
2009Broadcom
Avago lists on Nasdaq
Avago Technologies goes public on Nasdaq in August 2009 at $15 a share, giving it stock to use in later acquisitions.
2014Broadcom
LSI Corporation acquired
Avago completes its $6.6 billion purchase of LSI in May 2014, adding storage controllers and custom ASIC design teams.
2016Broadcom
Avago buys Broadcom Corporation
Avago completes its $37 billion acquisition of Broadcom Corporation in February 2016, takes the Broadcom name and trades as AVGO.
2017Broadcom
Brocade acquired
Broadcom completes its $5.9 billion purchase of Brocade Communications in November 2017, adding Fibre Channel storage networking switches.
2018Broadcom
Qualcomm bid blocked and move to the U.S.
President Trump blocks Broadcom's unsolicited bid for Qualcomm on national security grounds in March 2018. Broadcom completes its redomicile from Singapore to the United States that April.
2018Broadcom
CA Technologies acquired
Broadcom completes its $18.9 billion purchase of CA Technologies in November 2018, its first large software deal, creating the infrastructure software segment.
2019Broadcom
Symantec enterprise security acquired
Broadcom buys Symantec's enterprise security business for $10.7 billion in November 2019, adding endpoint, web and data loss prevention software.
20203M
Record N95 Respirator Production During COVID-19
3M expands N95 respirator production capacity at the onset of the COVID-19 pandemic, ultimately producing more than 2.5 billion respirators between January 2020 and year-end 2021.
2022Broadcom
VMware deal announced
Broadcom agrees in May 2022 to buy VMware in a cash-and-stock deal valued at about $61 billion at announcement.
20233M
Landmark PFAS and Combat Arms Settlements Announced
3M announces separate landmark settlements addressing its two largest litigation liabilities: a $10.3 billion settlement with municipalities across the United States over PFAS water contamination, to be paid over thirteen years, and a $6.01 billion settlement…
2023Broadcom
VMware acquisition closes
Broadcom completes the VMware acquisition on 22 November 2023 after clearances in the U.S., EU, UK and China, a deal valued at about $69 billion including assumed debt.
20243M
Solventum Healthcare Spinoff Completed
3M completes the spinoff of its healthcare business segment into a separately listed public company named Solventum Corporation in April 2024.
20243M
William Brown Appointed CEO
William M. Brown, former chair and CEO of L3Harris Technologies, becomes 3M's Chief Executive Officer on May 1, 2024, succeeding Mike Roman, who became executive chairman.
2024Broadcom
Stock split and $1 trillion market value
Broadcom splits its stock 10-for-1 in July 2024, sells VMware's end-user computing unit to KKR for about $4 billion, reports fiscal 2024 revenue of $51.6 billion and passes $1 trillion in market value in December 2024.
2025Broadcom
OpenAI partnership and record fiscal 2025
OpenAI and Broadcom agree in October 2025 to deploy 10 gigawatts of OpenAI-designed accelerators. Fiscal 2025 revenue rises 24% to $63.9 billion, with about $20 billion from AI chips.
2026Broadcom
AI chips pass half of revenue
Amie Thuener becomes CFO in June 2026. Third-quarter fiscal 2026 revenue rises 86% to $29.6 billion, and AI semiconductor revenue of $16.7 billion is 56% of the total.
Acquisitions
3M
- M*Modal (technology business)2019$1B
- Acelity (KCI)2019$6.7B
- Scott Safety2017$2B
- Capital Safety Group2015$2.5B
- Cogent Systems2010$943M
- Aearo Technologies2008$1.2B
Broadcom
- VMware2023$69B
- Symantec Enterprise Security business2019$10.7B
- CA Technologies2018$18.9B
- Brocade Communications Systems2017$5.9B
- Broadcom Corporation2016$37B
- LSI Corporation2014$6.6B
Questions about 3M vs Broadcom
Who is the CEO of 3M Company and Broadcom Inc.?
3M Company is led by William M. "Bill" Brown and Broadcom Inc. is led by Hock Tan. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was 3M Company founded vs Broadcom Inc.?
3M Company was founded in 1902 — 89 years before Broadcom Inc., which was founded in 1991. 3M Company's longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger Broadcom Inc..
How many employees does 3M Company have compared to Broadcom Inc.?
3M Company employs approximately 60,500 people, while Broadcom Inc. employs approximately 33,000. 3M Company has the larger workforce at 60,500 employees, compared to Broadcom Inc.'s 33,000. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are 3M Company and Broadcom Inc. headquartered?
Both 3M Company and Broadcom Inc. are headquartered in United States, meaning they operate under the same primary regulatory and tax environment.
Who founded 3M Company and Broadcom Inc.?
3M Company was founded by J. Danley Budd, John Dwan, Henry S. Bryan, Hermon W. Cable, William A. McGonagle. Broadcom Inc. was founded by Henry Samueli, Henry Nicholas III.
Which company has a longer operating history — 3M Company or Broadcom Inc.?
3M Company has been operating for approximately 124 years, making it the more established of the two companies. Broadcom Inc. has been in operation for around 35 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the 3M vs Broadcom overview