...January 6, 2025 SAN FRANCISCO (S&P Global Ratings) Jan. 6, 2025--S&P Global Ratings today assigned its '###' issue-level rating to Broadcom Inc.'s proposed senior unsecured notes. The firm intends to use the proceeds from these notes to repay a portion of its outstanding senior term loans while employing the remainder for general corporate purposes. Our '###' issuer credit rating and stable outlook on Broadcom are unchanged. The company's product diversity across the various semiconductor and software end markets, exposure to AI tailwinds, and strong operating efficiencies have supported solid financial results since we upgraded the company in November 2023. Looking ahead, we expect continued demand from custom application-specific integrated circuit (ASIC) and networking customers will increase AI revenue by over 35% and total revenue by more than 15% in fiscal 2025. Under this scenario, we expect improving operating leverage will increase free cash flow to over $25 billion. Broadcom's...
