Broadcom lifts AI chip revenue forecast to $115 billion by 2028

Broadcom has substantially increased its financial outlook for AI chip sales, now projecting revenues of approximately $115 billion in the fiscal year ending October 2027, according to company disclosures. The upward revision underscores accelerating demand for specialized processors that power artificial intelligence applications across the technology sector.

The California-based chipmaker manufactures custom AI processors deployed by major technology companies including Meta Platforms, Google, and OpenAI. These purpose-built chips have become critical infrastructure as enterprises and research organizations scale their AI capabilities and deploy large language models.

The revised forecast reflects Broadcom's confidence in sustained growth within the AI infrastructure market, even as competition intensifies from other semiconductor manufacturers. The company's expanded revenue projections align with broader industry trends showing sustained investment in AI computing infrastructure by major cloud providers and technology firms.

Broadcom's performance in the AI chip segment has emerged as a key growth driver for the semiconductor industry in South and Southeast Asia, where technology companies increasingly source advanced processors for regional data centers and AI research initiatives. The company's elevated guidance may signal broader confidence in the durability of AI-driven demand across global markets.