Broadcom CEO Discloses OpenAI Chip to Enter Mass Production by Year-End, Q2 Revenue Hits $22B

At the Bloomberg Technology Summit on June 5, Broadcom CEO Hock Tan disclosed that the company's custom chip for OpenAI would enter mass production by year-end, dismissing earlier reports of collaboration delays or the need for Microsoft approval. Hock Tan reiterated his focus on fundamentals rather than stock performance, following a post-earnings decline of over 10% after Broadcom posted Q2 net revenue of $22 billion, up 48% year-over-year, with AI semiconductor revenue surging 80% YoY.

Hock Tan also highlighted Broadcom's partnerships with Google on TPU design for Anthropic, noting that engineers using Anthropic's Opus 4.7 language model achieved a 10-fold productivity improvement, with a senior engineer completing in one week what previously required 10 engineers over three months.