Loading... Loading... 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. Broadcom has identified consumer AI as a key market, with investments in custom AI accelerators (XPUs) and AI connectivity solutions. The company has established strategic engagements with three major consumer AI players, ramping up production and shipping products in the coming months. Broadcom's semiconductor group focuses on networking, wireless, server storage, broadband, and industrial markets. Within networking, the company is doubling down on AI, aiming to generate over $10 billion in revenue from its AI-related products. Networking and Optics Innovations Broadcom's executives discussed various products and technologies, including scalable AI networks, AI server interconnects, and optical interconnects. The company is leading in ethernet technology, with products like the Jericho3-AI chip and Tomahawk class of switches. Broadcom is also innovating in the optics space, with advancements in VCSELs, EMLs, and co-packaged optics. Loading... Loading... VMware's Private AI Foundation A special guest, Paul Turner from VMware, discussed the release of the private AI foundation, which enables enterprises to optimize open-source AI models within their secure environments. This initiative supports an open ecosystem, allowing customers to innovate with various hardware and software partners. Conclusion Broadcom's event showcased its comprehensive approach to AI infrastructure, from semiconductor solutions to strategic software partnerships. The company's focus on consumer AI, coupled with its technology leadership and execution excellence, positions it as a key enabler of the AI revolution. This article was created with assistance from Tornado’s AI platform (ai.tornado.com). For more information, visit Tornado.com All views expressed in this article are the authors' own and do not necessarily reflect the position of Nvstr Financial LLC dba Tornado (“Tornado”) or its affiliates. This communication is for discussion purposes only. Neither Tornado nor the authors endorse any linked content. Statements herein may not be representative of the typical experience of Tornado customers and are no guarantee of future performance or success. The contents of this article and of tornado.com are not investment advice or a recommendation of a securities transaction or investment strategy. Some Tornado content is prepared with assistance from generative AI technology. This is not an order, solicitation, or offer to buy or sell securities or business interests. Investing in stocks is inherently risky; using margin may increase these risks. Tornado is a member firm of FINRA and SIPC. Further information can be found at tornado.com/about and on FINRA’s BrokerCheck website. This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy. Loading... Loading...