Semiconductor and infrastructure software company Broadcom saw demand for its data center portfolio rise amid wider industry growth.

The chipmaker has projected $6.75 billion in revenues for the third fiscal quarter, and said that it had already sold out 90 percent of its supply for the year by taking orders that cannot be canceled. It made the decision due to a chronic chip shortage, that has been exacerbated by panic purchases.

"Networking grew 10 percent year-on-year and represented 32 percent of our semiconductor revenue," CEO Hock Tan said of the last quarter in an earnings call.

"We experienced tailwind from hypercloud and telcos, partially offset by headwinds from enterprise. Revenue for switching was up 30 percent year-on-year, primarily driven by the strong ramp of our Trident and Tomahawk 3 for over 400G platforms and hypercloud data centers."

The expected $6.75bn for the next quarter is above the average analyst estimate of $6.59bn, according to a Bloomberg analysis.

“Due to the strength in demand for semiconductors across our multiple end markets, we delivered 20 percent year-over-year increase in semiconductor revenue,” Tan told the publication.

“We continue to see AVGO [Broadcom] well positioned, with leadership in growing markets driven by secular trends 5G and data center, high margins, and strong FCF," Bank of America's Vivek Arya said earlier this month.

"AVGO also highlighted an Enterprise recovery beginning, which should be positive for INTC.”

But Broadcom is still recovering from an expensive and time-consuming failed acquisition of Qualcomm, and risks losing Amazon Web Services as a customer as the cloud company invests in building its own networking chips.