Broadcom Inc. (AVGO): Who It Depends On
Broadcom is a fabless chipmaker - it designs chips for wireless, networking, and custom AI accelerators but relies entirely on outside foundries and packaging partners to actually build them. Its revenue has long been concentrated around a small number of very large customers, historically led by Apple, and increasingly by hyperscalers paying Broadcom to co-design their own custom AI chips.
Supply-chain dependency
Companies AVGO relies on to design, manufacture, package, and assemble its hardware.
Broadcom's primary foundry partner - as a fabless chipmaker, Broadcom depends on TSMC to manufacture nearly all of its advanced chips.
A key outsourced packaging and test partner for Broadcom's finished chips.
A second major outsourced packaging and test partner supporting Broadcom's production.
An alternate foundry partner for a portion of Broadcom's chip production. Trades primarily on the Korea Exchange with no proper US-listed ticker.
Supplies passive components used in Broadcom's wireless and RF products. Trades primarily on the Tokyo Stock Exchange with no proper US-listed ticker.
Supplies passive components used across Broadcom's product lines. Trades primarily on the Tokyo Stock Exchange with no proper US-listed ticker.
Supplies automated test equipment used to validate Broadcom's finished chips.
A second major test-equipment supplier to Broadcom's production chain. Trades primarily on the Tokyo Stock Exchange with no proper US-listed ticker.
Supplies optical components used in Broadcom's networking products.
Customer concentration
Companies that make up an outsized share of AVGO's revenue - who AVGO relies on to buy from it.
Broadcom's historically largest customer, supplying wireless connectivity and RF chips used in the iPhone - long reported at around a fifth of Broadcom's revenue.
Broadcom co-designs Google's custom TPU AI accelerator chips, a fast- growing and increasingly important relationship.
Signed a major custom AI chip design deal with Broadcom in 2025, diversifying its compute sources beyond Nvidia GPUs. A private company with no public ticker.
Works with Broadcom on custom networking silicon supporting its AI data-center buildout.
A customer for Broadcom's networking and infrastructure chips supporting Azure.
Uses Broadcom networking and storage chips across its enterprise hardware lineup.
A major telecom customer for Broadcom's networking infrastructure chips and enterprise software.
TikTok's parent company is a large buyer of data-center networking silicon. A private company with no public ticker.
Buys Broadcom's wireless and networking chips for its device lineup. Trades primarily on the Korea Exchange with no proper US-listed ticker.
The percentages shown are editorial estimates based on public research (company disclosures, earnings commentary, and industry reporting) meant to illustrate relative reliance, not precise or audited figures. Companies without a proper, reliably tradable ticker on this site are shown without stock/earnings links. This is not financial advice.