Choose Rich Live
Tech

Broadcom arranges $63 billion deal to finance AI chips for Anthropic

Broadcom has organized a $63 billion financing arrangement with Wall Street banks and Blackstone to purchase AI chips and lease them to Anthropic through a special purpose vehicle.

Exterior view of a Broadcom office building with the company sign in the foreground.
Image: @StockMKTNewz

Chipmaker Broadcom has arranged a $63 billion financing deal involving Bank of America, Blackstone, Citigroup, and Morgan Stanley to fund artificial intelligence chips for Anthropic, according to reports from Bloomberg and Reuters.[1][2][4][5]

The transaction will operate through a newly formed special purpose vehicle funded by the participating lenders and investment firms. Under the arrangement, the vehicle will buy Broadcom chips and lease them out to Anthropic. Broadcom is supporting the structure directly by guaranteeing a portion of the hardware's future value.[3][5]

Key facts

  • Broadcom arranged a $63 billion financing deal to supply AI chips for Anthropic.
  • The deal is funded by Bank of America, Blackstone, Citigroup, and Morgan Stanley.
  • A new special purpose vehicle will buy the Broadcom chips and lease them to Anthropic.
  • Broadcom is backing the financing by guaranteeing a portion of the chips' future value.

Sources · 5 sources

  1. TE

    TechmemeArticle ·

    Broadcom arranges a $63B deal with BofA, Blackstone, Citi, and Morgan Stanley to finance the purchase of chips for Anthropic via a new special purpose vehicle (Lynn Doan/Bloomberg) Lynn Doan / Bloomberg : Broadcom arranges a $63B deal with BofA, Blackstone, Citi, and Morgan Stanley to finance the purchase of chips for Anthropic via a new special purpose vehicle — Chipmaker Broadcom Inc. has arranged a $63 billion deal with Bank of America Corp., Blackstone Inc., Citigroup Inc. and Morgan Stanley …

    Open source
  2. RE

    Reuters@ReutersPost on X ·

    Wall St banks, Blackstone line up $63 billion to finance Broadcom AI chips for Anthropic https://t.co/zEuEaIgNXr

    Open source
  3. AG

    AGTP@AGTPinsightsPost on X ·

    BREAKING: Broadcom has arranged a $63 billion financing deal with Bank of America, Blackstone, Citigroup and Morgan Stanley to buy chips and lease them to Anthropic, via a new special purpose vehicle. https://t.co/TOi8hhGc8r

    Open source
  4. TE

    Techmeme@TechmemePost on X ·

    Broadcom arranges a $63B deal with BofA, Blackstone, Citi, and Morgan Stanley to finance the purchase of chips for Anthropic via a new special purpose vehicle (@lynnmdoan / Bloomberg) (Visit Techmeme dot com for the link and full context!)

    Open source
  5. EV

    Evan@StockMKTNewzPost on X ·

    BROADCOM $AVGO ARRANGED A $63B DEAL TO FINANCE AI CHIPS FOR ANTHROPIC A new special-purpose vehicle, funded by Bank of America, Blackstone, Citigroup, and Morgan Stanley, will buy Broadcom chips and lease them to Anthropic, per Bloomberg. Broadcom is backing part of the financing by guaranteeing some of the chips' future value.

    Open source