Intel and Broadcom CEOs Warn Capital Could Constrain AI Infrastructure Boom
Broadcom expects computing demand to exceed supply through 2029, potentially into 2030; Intel sees no significant slowdown over the next two to three years. Broadcom expects memory shortages to ease within a year and wafer shortages by 2028–29.
The CEOs of INTC and AVGO warned that access to capital could become the biggest constraint on the AI infrastructure boom, potentially overtaking shortages of semiconductors, memory and power. Broadcom CEO Hock Tan cited capital as a possible bottleneck. Intel CEO Lip-Bu Tan said higher borrowing costs and pressure to show returns on investment could challenge AI expansion. Broadcom expects computing demand to outstrip supply through 2029 and potentially into 2030.
Intel sees no significant slowdown over the next two to three years. Broadcom expects memory shortages to ease within a year, wafer shortages by 2028—29, and power availability to improve as infrastructure expands. The outlook for sustained investment depends on wider AI adoption and measurable returns. Broadcom cautioned that demand could slow if advanced AI models do not deliver expected improvements.