Broadcom’s Software Makeover Doesn’t Fully Mask Chip Swings | EUROtoday

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

That was the reported price for Tan to sit down on the desk of Chinese President Xi Jinping throughout a dinner finally month’s Asia-Pacific Economic Cooperation convention in San Francisco. It is a notable sum for an government identified for operating one of the crucial 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.