Broadcom’s Software program Makeover Doesn’t Totally Masks Chip Swings

Broadcom Chief Government Hock Tan isn’t somebody who finds blowing cash appetizing. However that $40,000 dinner appears to have gone down nicely. 

That was the reported price for Tan to sit down on the desk of Chinese language President Xi Jinping throughout a dinner finally month’s Asia-Pacific Financial Cooperation convention in San Francisco. It’s a notable sum for an govt recognized for working one of the tightfisted chip firms within the enterprise. Broadcom spends simply 4% of its annual income on gross sales and advertising and marketing—in contrast with 11% on common by firms on the PHLX Semiconductor Index.