Meanwhile, cook and stir bacon in large skillet on medium heat until crisp; drain, reserving 1 Tbsp. drippings in skillet. Return bacon to skillet. Add onions; cook and stir 10 min. or until crisp-tender. Add cream cheese product and broth; cook until cream cheese is completely melted and mixture comes to boil, stirring constantly with whisk. Simmer on medium-low heat 1 min. or until slightly thickened, stirring occasionally.