HomeMarketsInternational MarketsSemiconductor Stocks: Broadcom (AVGO) Gets 30% Chip Revenue From China
Semiconductor Stocks: Broadcom (AVGO) Gets 30% Chip Revenue From China

"The hybrid nature of software stocks and semiconductor stocks is a confusing package that seems to be working. Data center, service providers, and enterprise were all strong," says Kim Forrest. "Broadcom (AVGO) backlog of orders, which cannot be cancelled, sits at about $31B. Broadcom gets about 30% of chip revenue from China and has not received any notice from the U.S. government. Broadcom (AVGO) stated that their dividend policy of returning 50% of free cash flow in dividends to the shareholders," Max Wasserman adds.

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05 Sep 2022

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