AI Index / Broadcom Inc.
Broadcom Inc. (AVGO)
Broadcom's main sources of revenue include semiconductor solutions and infrastructure software. AI significantly contributes to their semiconductor segment, which accounted for $30.1 billion of the total $51.6 billion revenue in fiscal 2024. Notably, AI-related products such as custom AI accelerators (XPUs) and networking grew by 220%, reaching $12.2 billion, representing 41% of their semiconductor revenue. This growth highlights Broadcom's strong positioning in the AI market with substantial contributions from hyperscale customers developing AI infrastructures.
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The second driver in 2024 was AI. Our AI revenue, which came from strength in custom AI accelerators or XPUs and networking, grew 220% from $3.8 billion in fiscal 2023 to $12.2 billion in fiscal 2024 and represented 41% of our semiconductor revenue.
- Hock Tan
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Quotes from broadcom Executives About Artificial Intelligence and Generative AI
In sharp contrast, we see our opportunity over the next three years in AI as massive. Specific hyperscalers have begun their respective journeys to develop their own custom AI accelerators or XPUs, as well as network these XPUs with open and scalable Ethernet connectivity.
- Hock Tan
We expect this to represent an AI revenue Serviceable Addressable Market, or SAM, for XPUs and network in the range of $60 billion to $90 billion in fiscal 2027 alone.
- Hock Tan
[...] this will not be a linear ramp. We'll show quarterly variability.
- Hock Tan
[...] the reality going forward for this company is that the AI semiconductor business will rapidly outgrow the non-AI semiconductor business.
- Hock Tan
[...] more hyperscalers deploy Jericho3-AI in their fabrics. Our next generation XPUs are in 3 nanometers and will be the first of its kind to market in that process node.
- _ocker_ Hock Tan _ocker_