Anthropic and OpenAI set to overtake Google as broadcom's top AI asic clients

Broadcom's CEO Hock Tan announced during the FY2026Q3 earnings call that Anthropic and OpenAI are expected to surpass Google as the top two clients for its AI ASIC business. In the third quarter of 2026, Broadcom delivered TPU v7 'Ironwood' to Anthropic and Google, and began shipping OpenAI's custom chip 'Jalapeño'. The AI semiconductor revenue for the quarter reached $167 billion, a 221% year-over-year increase and 54% quarter-over-quarter growth. For FY2026Q4, Broadcom plans to accelerate TPU v7 deliveries to Anthropic and boost TPU v8i production for Google, while starting shipments of MTIA accelerators to Meta. The company forecasts AI revenue of $217 billion for the quarter, with a full-year 2026 total of $580 billion, representing 236% and 186% year-over-year growth respectively. Broadcom also outlined plans to deploy 1GW of TPU v7 by 2026, 5GW of TPU v8i by 2027, and 10GW by 2028. Tan stated Anthropic could become Broadcom's largest XPU client by 2027-2028. OpenAI is set to deploy 1.3GW of 'Jalapeño' by 2027 and over 5GW by 2028, with its third-generation XPU in development. Broadcom will deliver three generations of MTIA accelerators to Meta by the end of 2027, with a total capacity of 3GW by 2028. The company expects AI semiconductor revenue to reach $1.15 trillion in 2027 and $2.3 trillion in 2028, with supply chain readiness confirmed.