OpenAI and Broadcom have formed a multibillion-dollar partnership to develop OpenAI-designed chips.

Under the deal, OpenAI will design the chips to its own specifications and Broadcom will manage the development and fabrication of the chips, as well as help with their deployment. The companies plan to deploy enough chips to require 10 gigawatts of electrical power beginning in mid-2026, and running through 2029. Broadcom stock jumped almost 10% on the announcement Monday.

The deal marks the second major move by OpenAI to reduce its dependence on Nvidia, which now dominates the AI chip market—the company announced a partnership with chipmaker AMD last week.

The Broadcom partnership is part of a many-pronged effort by OpenAI to dramatically scale up the computing power it uses to train an

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