01:10 PM EDT, 10/29/2024 (MT Newswires) -- Microsoft ( MSFT )-backed (MSFT) OpenAI is working with Broadcom ( AVGO ) and TSMC (TSM) to build a chip designed to support artificial intelligence systems, Reuters reported Tuesday, citing sources.

The company behind ChatGPT had planned to build its own foundries to manufacture chips but has foregone those plans due to the costs and time needed to do so.

Instead, the company will focus on designing chips in-house and partner with other chipmakers as part of plans to diversify chip supply and cost reductions.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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