Broadcom renewed a five-year technology partnership with the London Stock Exchange Group (LSEG), under which LSEG will use VMware Cloud Foundation for its private cloud and market infrastructure, and Broadcom will provide professional services to support secure AI and cloud workloads.
Broadcom set an internal revenue target of US$100b in custom AI chips by 2027, positioning the company to compete in AI data center spending alongside Nvidia, AMD, and Intel.
The LSEG renewal signals that Broadcom's software and semiconductor stack is suitable for mission-critical financial market data systems, not just generic IT workloads, while the custom chip target links long-term growth to hyperscaler demand.
Ask the AI about this article →
For example, today's edition would include:
AI-summarized, only the topics you pick — one digest a day via Email, Slack, or Discord.
Free · takes 30 seconds · unsubscribe anytimeWhat is AIToday? →
Ask AI anything about this article. Q&As are published on this page for other readers too.
MediaTek shares closed 10% higher on Tuesday after the Taiwanese chip firm announced a partnership with Nvidia
Oracle (ORCL) stock is down 4% to $142.82 in Tuesday afternoon trading, after the 10-year Treasury yield climb…
Tesla's investments in AI startups lag far behind its Magnificent Seven peers
Dell Technologies reported fiscal second-quarter results that beat Wall Street expectations, with adjusted ear…
Paradium.AI, Inc. (AMEX:PAAI) reported its basic earnings per share (basic EPS)
Vertiv Holdings Co's shares now sit close to their estimated intrinsic value
