Broadcom Inc., a global technology leader that designs, develops, and supplies a broad range of semiconductor and infrastructure software solutions, held an event to discuss its role in enabling AI infrastructure. The event, which took place on March 20, 2024, showcased Broadcom's commitment to innovation and its strategic focus on the consumer AI market.
Enabling AI Infrastructure
Ji Hung Yoo, Head of Investor Relations at Broadcom, introduced the event, emphasizing the company's forward-looking statements and the availability of the presentation materials on Broadcom's IR website. The agenda featured talks from Broadcom executives, including President Charlie Kawwas, who highlighted the company's inflection point in AI technology and its legacy of innovation dating back to Bell Labs and HP Microelectronics.
Broadcom has experienced significant organic growth, with revenues increasing from $17 billion in 2019 to $28 billion last year, representing a 13% CAGR. This growth is attributed to substantial R&D investments and a strategic focus on durable markets with a 10-year horizon.
Custom AI Accelerators and Connectivity
The company's strategy revolves around three pillars: market selection, technology leadership, and sustainable franchises. ...