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.
April 09, 2024
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