Speaking at an event in Singapore, Tan and Intel CEO Lip-Bu Tan warned that the cost and availability of capital may become the primary bottleneck for AI growth rather than chips or power. Lip-Bu Tan noted that hardware shortages will persist for 2 to 3 years and emphasized that the sector must begin showing a return on investment. Hock Tan added that compute demand could outstrip supply through 2030.
Tuesday, October 20, 2026
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Samsung and SK Hynix Plunge After Broadcom CEO Calls AI a Casino
Tech8 days ago
Global semiconductor shares’ decline accelerated with Micron sliding 4% and SK Hynix falling 9.2% on Tuesday. The sell-off followed comments by Broadcom CEO Hock Tan, who likened some AI investments to gambling and stated that many investors do not understand the technology they are backing. Samsung shares fell as much as 8.8% as Tan argued that many enterprises are wasting money on AI tokens as if they were in a video arcade without learning anything from the experience.
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