Broadcom CEO says biggest hurdle in AI-fuelled tech growth is capital, not memory chips

SINGAPORE, Oct 12 (Reuters) – Broadcom CEO Hock Tan said on Monday that capital will be the biggest constraint facing the company as AI development continues.

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• At a panel in Singapore on Monday, Tan said that the company is overcoming wafer shortages and memory shortages, but capital will be the biggest constraint

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• He added that frontier labs Anthropic and OpenAI have shown that they can generate significant revenue from the latest models that have been deployed for AI personal assistants

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(Reporting by Jun Yuan Yong; Editing by David Stanway)

Copyright Reuters or USA Today via Reuters Connect

This story was originally published October 11, 2026 at 11:54 PM.

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