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President and CEO of Broadcom, the semiconductor and infrastructure software company known for networking chips and custom AI accelerators.
Intel CEO Lip-Bu Tan called DeepSeek, Kimi and GLM "good enough" and cheap to run at a Singapore panel on Monday. Washington owns 9.9% of Intel and named the same labs in a September advisory, so the cost case comes from a company it part-owns.
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Broadcom CEO Hock Tan said in Singapore that capital may limit AI buildout more than chips, memory or electricity do. Intel's Lip-Bu Tan named the cost of capital and the need to show returns, CNBC reported.
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Broadcom backs the roughly $30 billion senior slice of Apollo and Blackstone's TPU lease financing for Anthropic, Crypto Briefing reports. If that holds, a chip designer is carrying an AI lab's credit risk and the resale value of TPUs it helped design.
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Custom silicon made up 73% of the $16.7bn AI quarter. Hock Tan says that line doubles twice by fiscal 2028. He has already secured wafers and memory through 2028 to serve promises only six buyers have made.
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Hock Tan told CNBC that Broadcom's $115bn and $230bn AI chip targets for fiscal 2027 and 2028 are intact after the stock fell 4.8%, and the company has lifted this year's AI guide to $58bn from $56bn.
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Dario Amodei's call for slower model development knocked 4.8% off Broadcom on Monday, and Hock Tan told CNBC his $115 billion and $230 billion AI chip targets for fiscal 2027 and 2028 have not moved. Anthropic is due to become his largest custom chip customer next year.
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The semiconductor unit tripled to $16.7bn and cleared the Street by $1.5bn, yet the guide for the current quarter landed 0.66% light, which is what happens when revenue arrives on someone else's gigawatt schedule.
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Broadcom's trailing profit growth of 127% against 32% revenue growth shrinks to roughly twice the revenue pace once last year's one-time tax charge is added back, and a flat amortization line supplies much of what is left.
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A reported $60B to $100B debt package, roughly $30B of it junior, would fund custom chips for Anthropic and others. Supply now depends on lenders, not cash flow.
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