Broadcom renews five-year partnership with London Stock Exchange Group and targets US$100b in custom AI chip revenue by 2027

Broadcom renewed a five-year technology partnership with the London Stock Exchange Group (LSEG), under which LSEG will use VMware Cloud Foundation for its private cloud and market infrastructure, and Broadcom will provide professional services to support secure AI and cloud workloads.

Broadcom set an internal revenue target of US$100b in custom AI chips by 2027, positioning the company to compete in AI data center spending alongside Nvidia, AMD, and Intel.

The LSEG renewal signals that Broadcom's software and semiconductor stack is suitable for mission-critical financial market data systems, not just generic IT workloads, while the custom chip target links long-term growth to hyperscaler demand.