As one of the biggest companies in the world, chip giant Broadcom (NASDAQ: AVGO) operates in massive markets to bring in tens of billions in revenue a year. However, as Broadcom knows well, huge business opportunities breed competition. Marvell Technology (NASDAQ: MRVL) battles against Broadcom in custom artificial intelligence (AI) chips.
Apple (NASDAQ: AAPL) has worked for years to reduce its dependence on Broadcom by internally developing Wi-Fi and Bluetooth chips.
