Broadcom Shares Dip After Report On $18 Billion Financing Snag In OpenAI Chip Deal
Broadcom's stock dropped 2% after reports of an $18 billion financing snag in its custom AI chip deal with OpenAI, with Broadcom conditioning financing on Microsoft agreement.
Excerpt
<p>Broadcom’s stock dropped 2% following a report in The Information about an $18 billion financing snag in the chipmaker’s custom AI processor deal with OpenAI. Shares have partly recovered since then.</p> <p>Broadcom has stipulated it will only finance the initial phase of production if Microsoft agrees ...</p>
Read at source: https://www.theinformation.com/briefings/broadcom-shares-slide-report-reveals-uncertainty-18-billion-financing-openai-chip