April 2 (Reuters) – U.S. chip designer Broadcom on Thursday named Alphabet executive Amie Thuener as its next finance chief, effective June 12, when incumbent Kirsten Spears retires.
Thuener is currently Alphabet’s vice president, corporate controller and chief accounting officer.
In the past, she has also served as a managing director at PricewaterhouseCoopers, overseeing transaction and accounting advisory services.
“She (Amie) will bring deep experience in financial reporting, corporate governance, AI-related transactions and leading complex, global organizations,” Broadcom President and CEO Hock Tan said.
Spears, Broadcom’s CFO since late 2020, will remain on as an advisor for nine months after retiring to help ensure a smooth transition.
Under Spears, Broadcom completed its $69 billion acquisition of cloud-computing firm VMware in 2023.
Broadcom, a supplier of semiconductors and infrastructure software with a market value of $1.48 trillion, typically does not design full AI chips on its own. Instead, it works with clients such as Google to develop their tensor processing units (TPU) and ChatGPT-maker OpenAI on their in-house custom processors.
The chip designer last month projected its AI chip revenue exceeding $100 billion next year due to surging demand for custom chips in a market dominated by Nvidia. But the soaring demand has also strained production, with supply chain constraints across the technology sector.
(Reporting by Juby Babu in Mexico City and Aishwarya Jain in Bengaluru; Editing by Leroy Leo)
