Key facts
- Broadcom CEO Hock Tan indicated M&A is a lower priority.
- Tan made the statement at the Bloomberg Tech conference.
- Broadcom's revenue is surging due to AI.
Broadcom CEO Hock Tan, known for building the company through numerous acquisitions, has indicated that mergers and acquisitions are no longer a top priority. Tan made these remarks at the Bloomberg Tech conference in San Francisco, discussing semiconductor demand, AI scaling, and revenue outlook with Bloomberg's Tom Giles. This strategic shift comes as Broadcom is experiencing a significant increase in revenue, largely driven by its involvement in the artificial intelligence sector. The company's focus appears to be shifting towards capitalizing on its AI-related business growth.