博通Broadcom Inc. (AVGO) 2010年年度报告「NASDAQ」.pdf

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1、Your Imagination,Our Innovation Sense Illuminate Connect2010 Annual Report To Our ShareholdersAvago had a banner year in fiscal 2010 underpinned by strong economic and industry growth.We posted record revenue of$2.1 billion for fiscal year 2010,up 41%over fiscal year 2009 revenue of$1.5 billion,outp

2、acing the 33%growth estimated by World Semiconductor Trade Statistics for the semiconductor industry as a whole for calendar year 2010.Our gross margin steadily improved over the course of the year,improving 8 percentage points over fiscal 2009.During the year,we remained committed to investing in R

3、&D by hiring engineers,and launched new products in each of our target markets.Even so,Avago has kept a lid on operating expenses and as a result achieved record income from operations and net income during fiscal year 2010.As our performance indicates,Avago was well positioned for the industry reco

4、very and cyclical upturn in fiscal year 2010.Our focus on maintaining consistent lead-times enabled us to react nimbly to customer needs.As many competitors extended lead-times,we were able to gain market share across many of our target markets.We grew across all of our end markets during fiscal 201

5、0.In our Wireless Communications business,year-on-year revenue growth was driven by growth in nextgeneration smart phone platforms which incorporate our FBAR filters,power amplifiers and PADuplexer frontend modules,as well as our optical finger navigation sensors.During fiscal year 2010,we believe t

6、hat we have set the foundation for future growth with the launch of 4G LTE and WiMAX designs based on new proprietary FBAR filter products.In our Wired Infrastructure target market,our proprietary parallel optics and ASIC solutions delivered better-than-expected growth during 2010.This was due to in