Broadcom CEO Eyes $616.6 million in AI Sales Push by 2030


Broadcom CEO Eyes $616.6 million in AI Sales Push by 2030
Image source: CoinToday
- Broadcom pursues AI market dominance with a $10 billion chip deal. - A $120 billion AI revenue goal determines CEO Hock Tan's mega stock award. According to an SEC filing on September 10, 2025, Broadcom unveiled a performance-based stock award package for CEO Hock Tan worth up to $616.6 million. The filing reveals this award depends on the company achieving a bold goal: $120 billion in AI product sales by the end of fiscal year 2030. This high-stakes compensation plan ties Tan’s full award to achieving $120 billion in cumulative AI revenue, while the company offers a smaller $205.5 million payout for reaching a $90 billion benchmark. To secure the full award, Tan must also remain CEO through 2030 or forfeit the package entirely. This condition underscores Broadcom’s commitment to retaining its leadership as it deepens its footprint in the competitive AI chip sector. As part of its aggressive AI expansion strategy, Broadcom reportedly inked a $10 billion deal with OpenAI for custom AI chips, positioning the company as a strong contender against Nvidia, the current market leader. In addition, the company has already demonstrated significant momentum by reporting a 63% increase in year-over-year AI revenue for Q3 2025. As a result of these announcements, Broadcom’s stock experienced a noticeable surge, reflecting investor confidence. The structure of Tan’s compensation mirrors industry trends, where executive pay increasingly hinges on achieving ambitious growth targets. This model draws comparisons to the high-profile compensation packages for Tesla CEO Elon Musk, which illustrate the pivotal role transformational leadership plays in navigating emerging technologies like AI.
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Market
Published
2025-09-10 16:14
NFT ID
PENDING
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