It has increased its share in the artificial intelligence chip market. Its market value has surpassed US$1 billion. Its revenues are expected to grow at a compound annual rate of 40%.

Semiconductor manufacturer Broadcom surpassed the amount of US$1 billion in market value last week. It came after it reported huge profits in AI revenue in the third quarter of 2024 (the last quarter of its fiscal year) and projected “massive” growth for the coming quarters.

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Broadcom, new star of tech firmament

It has increased its share in the artificial intelligence chip market. Its market value has surpassed US$1 billion. Its revenues are expected to grow at a compound annual rate of 40%.

MORE ANALYSIS

ENACOM enters new intervention phase: 18 months of instability

The government of Javier Milei has moved forward with opening the skies to new satellite operators and simplifying regulations, including the repeal of Decree 690, which had allowed state intervention in the mobile business and data provision.

Geopolitics enters the fray over mega-constellations in low Earth orbit

Both the European Union and China have initiatives to occupy space with LEO fleets and constellations. Within Europe, national governments are promoting public-private partnerships with state involvement.

IMF warns AI demands greater, more reliable energy resources

In a recent report, the IMF warns that this aggregate demand could impact electricity prices if policies are not adapted to the new reality for the sector. By 2030, AI data centers will consume as much electricity as India.

AIA report claims network fees are unjustified and threaten regional Internet ecosystem

Ericsson: Phasing out 2G and 3G networks is a business play for CSPs

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