IRVINE, Calif. -- Broadcom Corporation (Nasdaq: BRCM - News) today announced that its Board of Directors has named Scott A. McGregor as President and Chief Executive Officer, effective January 3, 2005.

Mr. McGregor, 48, will succeed current President and CEO Alan E. "Lanny" Ross, who will retire upon Mr. McGregor's arrival.

Last month, Mr. McGregor announced his departure from the Philips Semiconductors division of Netherlands-based Royal Philips Electronics, where he has been President and CEO since September 2001. His resignation from Philips is effective at the end of this year, and under his agreement with Broadcom, he will become President and CEO of Broadcom on January 3. At that time he will also be appointed to the Broadcom Board of Directors.

"Scott is the ideal CEO for Broadcom at this point in its growth," said Mr. Ross. "He has an excellent understanding of our technologies and end markets, and he knows how to identify future promising emerging markets and profitably grow a business. In his leadership role at Philips, he has unique experience in successfully managing a multi-billion dollar global semiconductor enterprise focused on communications applications for products in the home, in businesses, and in mobile settings. And his extensive background in software and in entrepreneurial companies will be a great asset for Broadcom at this stage of its development."

"We are extremely pleased to have Scott join Broadcom as our new CEO and lead us to the next level of growth," said Dr. Henry Samueli, Broadcom's Chairman, Co-Founder and Chief Technical Officer. "Scott has a keen grasp of communications technologies and how to effectively bring them to market. He has an industry reputation for driving the mantra of 'ease of use' -- that is, a strong belief that very complex communications technology must be harnessed in ways that make end-user devices and equipment easy to use, practical, cost effective, scalable and useful -- for both consumer and business markets. The combination of Scott's entrepreneurial background, software and semiconductor expertise, and leadership experience in a large enterprise provides a perfect fit with Broadcom's entrepreneurial culture and is ideally suited to our growth ambitions."

Broadcom Corp.