Microsoft off-take commitment:
Committed
Not committed
The financing gate behind the OpenAI-Broadcom custom-chip buildout
reported, not confirmed
OpenAI round
guides compute build
funds
Project Nexus
custom chip w/ Broadcom
off-take gate
Microsoft ~40% buy
commitment gating
production financing
wafers in
capacity reserved
Microsoft DC
chips installed
capacity to OpenAI
guided AI revenue
key proof point
committed
not committed
gate holds
capacity reserved, ramp proceeds
AI revenue proof holds
gate breaks
capacity not reserved, ramp stalls
AI revenue proof lost