Broadcom rises on report of chip development with OpenAI, TSMC
** Shares of chipmaker Broadcom AVGO.O rise 3.6% to $1478.2
** Reuters exclusively reports that OpenAI is working with AVGO and Taiwan Semiconductor Manufacturing Company 2330.TW to build its first in-house chip designed to support its AI systems
** OpenAI has been working for months with Broadcom to build its first AI chip focusing on inference
** Through AVGO, OpenAI has secured manufacturing capacity with TMSC to make its first custom-designed chip in 2026
** Broadcom has risen 59% YTD
Reporting by Juby Babu in Mexico City
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