Posted 4/9/2024, 12:19:44 PM
Broadcom Secures Major AI Chip Deals with Meta and Google, Driving Significant Growth
- Broadcom poised for significant growth with Meta as next major AI ASIC customer, expected to drive multi-billion in revenues
- Captured key next-gen 3nm AI chip wins with Google and Meta; production ramp-up starts mid-2024
- AI ASIC revenues from Google and Meta combined estimated at $9B+ in 2022, up 2.5x vs 2023
- Won follow-on 3nm AI chip deals with Google and Meta, targeting 2025 production
- Strong demand and new wins in AI chips, networking semiconductors position Broadcom for continued expansion