Broadcom expects Anthropic and OpenAI to become its top two AI chip customers

Broadcom CEO Hock Tan predicted during an earnings call that AI startups Anthropic and OpenAI will surpass Google to become its top two customers for custom AI chips. Broadcom has already delivered TPU v7 chips to Anthropic and Google, and started shipping OpenAI's custom chip 'Jalapeño'.

AI semiconductor revenue hit $16.7 billion in the quarter, up 221% year-over-year. Next quarter, AI revenue is expected to rise to $21.7 billion, with full-year total reaching $58 billion. Broadcom plans to deploy 1GW of TPU v7 for Anthropic in 2026, 5GW of TPU v8i in 2027, and another 10GW by 2028. OpenAI plans to deploy 1.3GW of 'Jalapeño' in 2027 and over 5GW by 2028. Broadcom will also deliver three generations of MTIA accelerators to Meta over the next 16 months, reaching 3GW by end of 2028. Broadcom expects AI semiconductor revenue to hit about $115 billion in 2027 and $230 billion in 2028.