Broadcom’s AI chip sales more than triple as custom silicon orders build

Large semiconductor company Broadcom reported record revenue, operating income and free cash flow for its third fiscal quarter, with revenue rising 86 per cent from a year earlier to US$29.6 billion for the three months to August 2, driven by the custom processors it designs for artificial-intelligence (AI) customers. Artificial intelligence semiconductor revenue reached US$16.7 billion for the quarter, more than tripling year-on-year, and the company guided to a further sharp increase in the current quarter.