Broadcom CEO Says Demand Is ‘Real’ as Chip Orders Flood In
- Customers beef up purchases to avoid supply shortages
- 90% of company’s 2021 chip supply has already been ordered
Hock Tan
Photographer: Martin H. Simon/Polaris/Bloomberg
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Broadcom Inc. Chief Executive Officer Hock Tan said customers are beefing up semiconductor orders at an unprecedented pace and tried to quell concern that this will create a glut later on.
“We see customers accelerating the bookings for early deliveries and attempting to build buffers and creating the demand-supply imbalance you all hear out there,” Tan told analysts during an earnings conference call on Thursday.