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OpenAI will design its own AI accelerators and Broadcom will develop and deploy them in racks built on Broadcom Ethernet, 10 gigawatts in all, starting in the second half of 2026 and finishing by the end of 2029.

Broadcom's revenue rose 29% to a record $19.3 billion for the quarter ended 1 February 2026, with AI semiconductor revenue up 106% to $8.4 billion, and it guided the second quarter to $22.0 billion.

A multi-year deal through 2029 for Broadcom to co-develop and supply Meta's MTIA accelerators and Ethernet networking, starting with more than 1 GW and the industry's first 2nm AI compute accelerator; Hock Tan leaves Meta's board to advise it.

Broadcom's revenue rose 48% to a record $22.2 billion for the quarter ended 3 May 2026 and AI semiconductor revenue 143% to $10.8 billion, but it held its AI outlook and the shares fell 12.6% the next day.

A financing platform for more than 20 GW of Broadcom XPU compute for frontier AI labs through 2028, opening with a $35 billion tranche led by Apollo with Blackstone to fund Anthropic's 1 GW-plus expansion at Fluidstack sites.

OpenAI's first Intelligence Processor, an inference accelerator it designed and Broadcom implemented, went from design to tape-out in nine months; Hock Tan and Charlie Kawwas handed it to Sam Altman and Greg Brockman.

Broadcom's revenue rose 86% to a record $29.6 billion for the quarter ended 2 August 2026, with AI semiconductor revenue up 221% to $16.7 billion, and Hock Tan said Anthropic is on track to become its largest XPU customer in 2027.

On CNBC's "Mad Money", Hock Tan said Broadcom's forecasts of $115 billion in AI revenue for fiscal 2027 and $230 billion for 2028 are unchanged, after Dario Amodei's essay urging a slower pace of AI development sent Broadcom shares down 4.8%.

Broadcom reports its fourth quarter and fiscal year 2026 against its own guide of about $34.8 billion in revenue, up 93%, including $21.7 billion of AI semiconductor revenue.

The first deployment of Jalapeño, the inference accelerator OpenAI designed and Broadcom builds under their 10 GW deal, due by the end of 2026 in data centers with Microsoft and other partners, ahead of a planned 1.3 GW in 2027.