On a call with analysts, Tan announced that Broadcom had secured a fourth major customer for its custom AI chip business, as it reported earnings that topped Wall Street estimates.

Everyone is trying to avoid paying the Nvidia tax. I wonder whether they can pull it off. It seems like Nvidia owns the market with AMD picking up the scraps.

Considering the ramp-up time for mass production of such complex semi-conductor products (OpenAI and Broadcom are aiming for 2026), I do wonder whether competing initiative may have to deal with lower level of investment in “AI” (at least on a relative basis).