Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
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
Show original

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.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

APLD reported revenue of 341.9 million USD in the first quarter of fiscal year 2027, up 322%

APLD announced its financial results for the first quarter of fiscal year 2027 with revenue of $341.9 million, marking a 322% increase compared to the same period last year. Service and other income reached $262.8 million, while data center leasing income was $79.1 million.

智通财经•2026/10/07 22:06

Solidigm plans to pursue an IPO in the US next year, with a potential maximum valuation of 100 billions dollars.

According to sources, Solidigm, the flash memory business subsidiary under SK Hynix (SKHY.US), has selected Goldman Sachs (GS.US) and Morgan Stanley (MS.US) to manage its US IPO planned for next year. JPMorgan, Citigroup, and UBS have also been invited to participate in the listing. Solidigm could go public as early as 2027, with a potential valuation as high as 100 billions USD. The relevant discussions are ongoing, so specific details might change, and additional banks may also join.

智通财经•2026/10/07 22:06

The US Department of Defense plans to offer a $1.5 billion loan commitment to Wolfspeed.

The U.S. Department of Defense has provided Wolfspeed (WOLF.US), a chip manufacturer, with a conditional senior secured loan commitment of up to $1.5 billions for a 30-year term, to support domestic production of silicon carbide materials and wide bandgap power devices. According to deal terms still under negotiation, Wolfspeed will grant the Department of Defense warrants to purchase up to 7.5% of the company’s shares in stages. Last July, Wolfspeed filed for bankruptcy due to production issues at a key silicon carbide wafer manufacturing plant. The company stated that the funds would be used to expand production of silicon carbide materials and power devices for the telecommunications, aerospace, and defense sectors, and to upgrade material supply capability for military communication systems. Following the announcement, Wolfspeed’s stock price surged over 28% after hours.

智通财经•2026/10/07 21:56

Oracle reportedly in talks to raise funds to support large-scale chip procurement

According to The Wall Street Journal, sources reveal that Oracle is in talks with institutions such as Apollo and Goldman Sachs for financing to support a large-scale chip purchase. Oracle hopes to complete the deal as early as this year. This financing is intended to bridge the funding gap between Oracle’s payment for hardware procurement and the cloud computing business beginning to generate revenue.

智通财经•2026/10/07 21:41