Broadcom Inc., a major chip manufacturer in the network, sets AI acquisition targets for president and executive president Hock Tan. If the challenge is successful, it will win a sky-high bonus and its stock price should rise sharply.
Foreign reports such as MarketWatch, Barron’s, Chen Fuyang announced last week that he would continue to serve at Broadcom until at least 2030. Broadcom revealed more information on the 9th, pointing out that if Chen Fuyang can help the company achieve all "AI-related acquisition targets" during the 2028-2030 annual period, he can receive performance-stock units (simplely PSUs).
Broadcom revealed that if you want to win all the prizes (equivalent to 610,521 Broadcom shares), Chen Fuyang needs to make Broadcom's "applied AI investment" reach US$90 billion in four consecutive quarters during the above period. If the AI-related acquisition can be achieved at US$105 billion, the bonus can be increased to 200%; if the bonus reaches US$120 billion, the bonus can be obtained at 300%. However, if AI is only $60 billion or less, the relevant stock bonus will be zero.
Broadcom defines AI acquisition as "including but not limited to acquisition related to customized AI accelerators, XPUs, ASICs, networks and connected solutions."
According to Broadcom's announcement, the company is about to grow due to AI's next stage, and these goals are very important to this. Chen Fuyang pointed out at the Goldman Sachs meeting this week that Broadcom's AI-related investment is currently 20 billion US dollars per year.
Broadcom's news surged 9.77% on the 10th and closed at US$369.57, setting a record high in history, ranking among the 30 constituent stocks in the Philadelphia Semiconductor Index. So far this year, Broadcom has jumped 59.41%.