News Summary

• Broadcom is launching a new networking chip on Tuesday that will help companies build artificial intelligence computing systems.
• The chip, called the Thor Ultra, enables computing infrastructure operators to deploy far more chips than they otherwise could.
• It comes after Broadcom on Monday unveiled a deal to roll out 10 gigawatts worth of custom chips for ChatGPT maker OpenAI beginning in the second half of 2026.AI represents a big opportunity for Broadcom.
• Chief executive Hock Tan said late last year the market the company is going after for its various AI chips is in the range of $60 billion to $90 billion in 2027.