Broadcom Prioritizes AI Growth Over Acquisitions as CEO Sees No Deal Matching Surging Revenue
Updated
Updated · Bloomberg · Jun 5
Broadcom Prioritizes AI Growth Over Acquisitions as CEO Sees No Deal Matching Surging Revenue
3 articles · Updated · Bloomberg · Jun 5
Summary
Broadcom said it is now less focused on new acquisitions, with CEO Hock Tan arguing AI offers a stronger growth path than external deals.
At the Bloomberg Tech conference in San Francisco on Thursday, Tan said AI revenue is surging, making potential targets look less attractive: “What can I buy that would come close to that?”
The shift marks a notable turn for a chipmaker Tan built into an industry heavyweight through a long series of acquisitions.
Broadcom’s latest stance underscores how the AI boom is reshaping capital allocation across the semiconductor sector, pushing even serial acquirers toward internal growth.