Broadcom on its way to becoming $1 billion fabless chip company

Broadcom on its way to becoming $1 billion fabless chip company
By Semiconductor Business News
July 18, 2000 (7:01 p.m. EST)
URL: http://www.eetimes.com/story/OEG20000718S0050

IRVINE, Calif.--Fabless semiconductor supplier Broadcom Corp. today announced a 105% increase in revenues to a record $245.2 million in the second quarter, compared to $119.5 million in the period last year. In hitting that total in the second quarter, nine-year-old Broadcom appears on its way to becoming a $1 billion fabless chip company.

"We experienced strong demand in all of the markets we serve, with better than expected growth in the broadband transmission markets for digital set-top boxes and cable modems," said Henry T. Nicholas III, president and CEO of Broadcom. "We also saw faster upgrading of networking from 100 megabits per second (Mbps) to 1,000 Mbps and a faster than expected proliferation of Internet Protocol switching technology throughout the business enterprise."

The strong revenue growth pushed Broadcom's net income to $55.9 million in the second quarter vs. $159,000 in the period last year.