Broadcom CEO Hock Tan told the Bloomberg Technology conference in San Francisco
that the company has shifted focus from M&A to artificial intelligence because
AI offers stronger growth potential. He said AI revenue is surging, reducing the
appeal of external deals and that acquisitions are disruptive to Broadcom and
its customers. Tan described demand for AI infrastructure as nearly insatiable.
Broadcom, which sells networking chips and custom accelerators used to develop
and run AI models, now expects the AI business to generate more than $100
billion in revenue in fiscal 2027.
