Broadcom Says It Will Sell 12 Billion In Ai Parts And Custom Chips This Year

Broadcom To Sell $12 Billion in AI Chips This Year

Semiconductor company sees big growth in AI market, plans to boost production

Broadcom, a semiconductor company based in San Jose, California, announced that it expects to sell $12 billion worth of artificial intelligence (AI) chips this year as the company sees a major growth opportunity in the AI market.

The company said AI chips, which are designed to handle the complex computations used in AI applications such as natural language processing and machine learning, are expected to account for more than 10% of its revenue in fiscal 2024, which began in November.

As part of the plan, Broadcom, which supplies chips to data center and telecom equipment makers, said it plans to increase production of AI chips at its factories in Singapore and Colorado.

AI market is growing rapidly, driven by demand for AI applications

The AI market is growing rapidly as companies adopt AI technologies to improve their operations. According to IDC, the global AI market is expected to grow from $120 billion in 2021 to $250 billion by 2025.

Demand for AI chips is driven by the growing adoption of AI applications in a variety of industries, including healthcare, retail, finance, and manufacturing.

Broadcom is well-positioned to capitalize on the AI chip market opportunity

Broadcom is well-positioned to capitalize on the AI chip market opportunity due to its strong market position and technological expertise.

The company is one of the leading suppliers of chips for data center and telecom equipment makers, and it has a long history of investing in AI chip development.

In addition, Broadcom has a strong balance sheet, which will allow it to invest in the additional production capacity needed to meet the growing demand for AI chips.

Conclusion: Broadcom is bullish on the AI market

Broadcom is bullish on the AI market and is investing heavily to meet the growing demand for AI chips. The company’s strong market position, technological expertise, and financial resources make it a formidable competitor in the AI chip market.