Broadcom Ties CEO’s Compensation to $120B AI Revenue Target by 2030
Semiconductor giant Broadcom has set an ambitious $120 billion artificial intelligence revenue target for CEO Hock Tan to unlock maximum stock compensation. The move intensifies competition with Nvidia in custom AI chips, following Broadcom's strong Q3 earnings fueled by AI accelerator demand.
Tan could earn up to $616.6 million in stock awards if Broadcom hits the 2030 AI sales goal. The company's board extended his contract through at least 2030, tying leadership continuity to aggressive AI growth targets.