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Broadcom reportedly seeks over 50 billions USD in funding for OpenAI’s custom AI chip project.

Broadcom reportedly seeks over 50 billions USD in funding for OpenAI’s custom AI chip project.

智通财经智通财经2026/10/07 21:31
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According to the Wall Street Journal citing sources, Broadcom (AVGO.US) has been seeking over $50 billion in financing in recent weeks to jointly develop custom AI chips with OpenAI. Institutions such as Apollo and Blackstone have engaged in discussions to participate in the financing, which is still in its early stages and may see the total amount adjusted. The financing aims to cover several gigawatts of custom chip capacity for OpenAI, with completion expected as early as the end of this year. Internally, OpenAI refers to the chip project as "Nexus," with the first and second generation chips codenamed Jalapeño and Serrano, respectively. OpenAI and Broadcom had previously announced plans to jointly develop a 10-gigawatt custom chip system, scheduled for continuous deployment from the second half of 2026 through the end of 2029.

According to the Wall Street Journal citing informed sources, Broadcom (AVGO.US) has been seeking more than $50 billion in financing over the past few weeks to jointly develop custom AI chips with OpenAI. Institutions such as Apollo and Blackstone have begun negotiations over participating in the financing. The talks are still in early stages and the financing amount may be adjusted. This round of financing may cover several gigawatts of OpenAI’s custom chip production capacity and is expected to be completed as early as the end of this year. Internally, OpenAI refers to this chip project as “Nexus,” with the first and second generation chips codenamed Jalapeño and Serrano, respectively. OpenAI and Broadcom have previously announced a partnership to develop a 10-gigawatt custom chip system, with plans to begin deployment in the second half of 2026 and continue through the end of 2029.
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