Broadcom Secures $63 Billion to Finance AI Chip Supply for Anthropic With Backing From Wall Street Firms

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Broadcom has signed a $63 billion financing agreement to fund purchases of chips it will supply to artificial intelligence company Anthropic.

Bloomberg reported on October 26 that Broadcom announced the previous day that it had reached the $63 billion financing deal with major financial firms including Bank of America, Blackstone, Citigroup and Morgan Stanley.

The transaction will be conducted through a separately established special purpose vehicle, or SPV. Financial firms will provide the funding, and the SPV will purchase Broadcom chips and lease them to Anthropic. Broadcom will support part of the financing by guaranteeing the chips' residual value.

Bloomberg had previously reported that Broadcom was raising about $60 billion to fund purchases of AI chips for Anthropic and others. After weeks of discussions, the final deal size was set at $63 billion.