Dive Brief:

• Broadcom appointed Alphabet’s Chief Accounting Officer Amie Thuener as its next CFO effective June 12 as the semiconductor and software infrastructure firm accelerates an AI-driven growth push, according to a Thursday press release and securities filing.
• The appointment dovetails with the retirement of Broadcom’s finance chief Kirsten Spears, according to the press release. Spears, who has served as CFO for the Palo Alto, Calif.-based company for six years, will continue in her role until the effective date and will remain as an advisor for nine months after stepping down as CFO to help ensure a smooth transition, the company said.
• Thuener, 51, will bring “deep experience in financial reporting, corporate governance, AI-related transactions and leading complex, global organizations to the company as we continue to focus on creating value for our shareholders,” Broadcom CEO and President Hock Tan said in a statement included in the release.

Dive Insight:

Thuener has served as Alphabet’s CAO and corporate controller since 2018, according to her LinkedIn profile. She has served as chair for the committee on corporate reporting for Financial Executives International since June 2025 and as a board member since 2017.

Her past experience includes serving as a director for retailer Nordstrom, and Thuener began her career in roles at the Financial Accounting Standards Board and Big Four firm PricewaterhouseCoopers.

As CFO for Broadcom — which creates custom chips for customers including Alphabet’s Google, Apple and Facebook-owner Meta — Thuener is set to receive an annual base salary of $700,000, according to the filing with the Securities and Exchange Commission. She will also be eligible for a target annual bonus opportunity of 100% of her base salary, and will receive a $1 million sign-on cash bonus payable within 30 days after she joins the company.

Thuener will also receive an equity award of 50,000 restricted stock units and 50,000 performance stock units, which will vest quarterly over a four-year period, according to the filing.

The Alphabet alum will take the CFO reins at Broadcom as the semiconductor developer continues to bet big on AI, jostling with competitors including Nvidia for a top slot in the expanding AI infrastructure industry.

Spending on data center infrastructure prompted by AI is expected to continue to grow over the next few years in the face of rising compute demands, with an August estimate by McKinsey predicting capital expenditures will crack $7 trillion by 2030. That growth, driven in large part by hyper-scalers in the AI space, includes real estate and power infrastructure related to data centers, as well as computing-hardware investments, the latter of which will account for approximately $4 trillion of the expected $7 trillion in capex, McKinsey said.

Broadcom has partnered with several hyper-scalers and large AI players over the past year, with the company developing the tensor processing units Google uses to run its Gemini AI model, for example, CNBC reported. The TPUs cost between $10,500 and $15,000 per unit, while the Blackwell graphic processing units produced by Nvidia cost between $40,000 to $50,000 per unit, according to one estimate.

The semiconductor developer has also finalized multi-billion-dollar deals with key players in the AI space over the past year, including with OpenAI and a $10 billion chip order by Anthropic, operator of AI chatbot Claude, for Google’s TPUs, according to a December CNBC report.

Broadcom’s AI revenue for its first quarter of 2026 shot up by 106% year-over-year to $8.4 billion, Tan said in a statement included in its latest earnings release.  

The business has “line of sight to achieve AI revenue from chips, just chips, in excess of $100 billion in 2027,” Tan said during the company’s earnings call on Mar. 4. “We have also secured the supply chain required to achieve this.”

Despite its strong growth, Broadcom has drawn some concern from industry experts and analysts. The company’s overreliance on a small number of large AI companies for its AI revenue — an increasing portion of its sales — as well as potential dips in AI demand could “create fluctuations in Broadcom’s results and affect market sentiment on its stock,” according to an analysis by Morningstar, which assigned a high uncertainty rating to Broadcom after the company’s Q1 2026 earnings.

“Broadcom’s results and valuation are highly sensitive to the rate of AI investment over the next five years,” Morningstar’s William Kerwin wrote. “Slowdowns in spending, or higher competition from Nvidia and others, are the primary downside risks to results and our valuation.”