JPMorgan predicts Broadcom to launch 3nm AI accelerator chip programs with Google and Meta by 2023, with AI ASIC revenues exceeding $9B in 2022.

JPMorgan expects Broadcom (AVGO) to launch 3nm AI accelerator custom chip programs with Google and Meta by end of 2023. Production ramp-up is anticipated for 2024 and 2025. Broadcom's AI ASIC revenues are expected to exceed $9B in 2022, with AI semiconductor shipments reaching $10-12B in 2024. Meta is projected to be a multi-billion dollar per year AI ASIC customer for Broadcom from 2025.