Broadcom CEO Reaffirms AI Chip Revenue Targets After Anthropic Safety Call
Broadcom CEO Hock Tan said the company will not change its AI semiconductor revenue targets, reiterating forecasts of USD 115 billion for fiscal 2027 and USD 230 billion for fiscal 2028. His comments followed an article by Anthropic CEO Dario Amodei urging a slower pace of frontier model development. On September 14, 2026, AI infrastructure shares fell, with Broadcom down 4.8% and the iShares Semiconductor ETF down 5.6%.
Hock Tan, chief executive of Broadcom, reaffirmed the forecasts he gave on a September 2, 2026 earnings call: USD 115 billion in artificial intelligence semiconductor revenue for fiscal 2027, doubling to USD 230 billion in fiscal 2028. Broadcom's AI revenue consists of custom AI accelerators and networking chips used in AI systems.
Anthropic CEO Dario Amodei published an article over the weekend arguing for a slower pace of model development. His position was supported by OpenAI CEO Sam Altman and Elon Musk. In trading on September 14, 2026, shares of companies tied to AI infrastructure declined. Broadcom fell 4.8%, the iShares Semiconductor ETF dropped 5.6%, and companies selling other data center components were also hit.
Google had long been seen as Broadcom's largest custom chip customer, with the two companies co-designing Google's tensor processing units. In his article, Amodei proposed a three-step plan aimed at slowing development without sacrificing commercial advantage or the United States' lead in artificial intelligence. Tan said he agreed that some limits on AI are needed and that governance and safeguards should be established for how such tools are used.