Broadcom Inc. (NASDAQ:AVGO) is one of the High Growth Semiconductor Stocks to Buy Now. On June 24, Reuters reported that OpenAI, in partnership with Broadcom Inc. (NASDAQ:AVGO), released its first custom AI chip, called the Jalapeño. This marks an important milestone for both companies.
The report noted that this chip has been designed specifically for inference, which is a process by which AI models process data and respond to users. Broadcom’s CEO Hock Tan told Reuters the chip is competitive with Nvidia’s Blackwell GPUs and Google’s tensor processing units.
As per Reuters, OpenAI plans to deploy Jalapeño by the end of this year, with the chip already running in labs at target power and performance levels using its GPT-5.3-Codex-Spark model. Management noted that the design took roughly nine months, aided in part by AI-assisted engineering, before being sent to TSMC for manufacturing. Celestica will build the server systems that house the chips.
Broadcom Inc. (NASDAQ:AVGO) is a technology company that specializes in semiconductor devices (through the Semiconductor Solutions segment) and infrastructure software solutions (through the Infrastructure Software segment).
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