The custom AI ASIC state of play (May 2026) — Broadcom deals, Google TPUs, Meta MTIA & beyond
The custom AI ASIC market is rapidly evolving, with major tech companies investing heavily in their own AI silicon. Broadcom is a key player, projecting significant revenue growth and holding a substantial backlog of orders. As the market expands, companies like Google, Amazon, and Meta are also making strides in developing purpose-built chips for their specific needs.
- ▪Nvidia currently holds about 70% of the AI chip market share, but this is expected to decline as other companies invest in custom chips.
- ▪Broadcom reported a 106% year-over-year increase in AI semiconductor revenue for Q1 FY2026, reaching $8.4 billion.
- ▪Custom ASIC shipments are projected to grow 44.6% year-over-year in 2026, significantly outpacing the growth of merchant GPUs.
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Tech Industry Manufacturing Semiconductors The custom AI ASIC state of play (May 2026) — Broadcom deals, Google TPUs, Meta MTIA & beyond MEMBER EXCLUSIVE Features By Luke James published 21 May 2026 Every major hyperscaler now designs its own AI silicon, and the collective investment is accelerating. When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. (Image credit: Google Deepmind) Share Copy link Facebook X Whatsapp Reddit Pinterest Flipboard Email Share this article Join the conversation Follow us Add us as a preferred source on Google Newsletter Subscribe to our newsletter Nvidia still holds approximately 70% of the AI chip market share, but that share is projected to erode as Google, Amazon, Meta, Microsoft, and OpenAI invest…
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