AI Growth Now Limited by Capital, Not Chips, Broadcom and Intel CEOs Say

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At the DBS Asia Future Forward Conference in Singapore on October 12, 2026, Broadcom's Hock Tan and Intel's Lip-Bu Tan said financing has replaced chip supply as the main constraint on AI growth. Broadcom, Apollo and Blackstone launched a $35 billion AI XPV Platform in June 2026 to fund over 20 gigawatts of data center capacity through 2028. The platform, which chipmakers are helping back, reflects a shift toward vendor financing, where suppliers help customers afford purchases. Reported OpenAI annualized revenue for September 2026 was about $50 billion, below some earlier estimates, raising questions about the revenue supporting this debt. Both executives still expect AI compute demand to exceed supply through 2029 or 2030.

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