Broadcom has announced that Amie Thuener will be appointed Chief Financial Officer effective June 12. She succeeds Kirsten M. Spears, who is retiring. Spears will remain in her position until her departure and will then serve as an advisor for nine months to ensure a smooth transition.
Thuener is joining from Alphabet, where she has served as Vice President, Corporate Controller, and Chief Accounting Officer since 2018. In that role, she was responsible for global financial reporting and financial operations. At Alphabet, she held several leadership positions, where she was involved in complex financial structures and international reporting.
Prior to her time at Alphabet, Thuener worked at PricewaterhouseCoopers, where she served as a managing director in transaction and accounting advisory services. There, she gained extensive experience with mergers, acquisitions, and financial advisory services for major technology companies.
According to CEO Hock Tan, Thuener brings broad expertise in financial reporting, corporate governance, and AI-related transactions. He believes this combination is essential as Broadcom continues to strengthen its position in markets where scale, complexity, and technological innovation converge. Tan also expressed his appreciation for Spears, who worked at Broadcom for twelve years and played a key role in the company’s development.
Broadcom is ramping up its focus on AI chips
Reuters adds that Thuener’s appointment comes at a time when Broadcom is heavily investing in artificial intelligence. The company typically does not design complete AI chips independently but works closely with clients such as Google and OpenAI on custom processors, including tensor processing units and other specialized chips.
That strategy is paying off. Broadcom expects revenue from AI chips to exceed $100 billion next year, driven by rapidly growing demand for custom silicon. At the same time, the company operates in a market heavily dominated by Nvidia, which currently sets the standard in AI hardware.
However, this rapid growth also brings challenges. According to Reuters, production capacity in the sector is under pressure due to ongoing supply chain bottlenecks. This makes it difficult for chip companies to keep up with demand, despite strong market growth.