The Broadcom Inc. headquarters in San Jose, California.
Photographer: David Paul Morris/BloombergBy Lynn Doan
Takeaways by Bloomberg AI
Chipmaker Broadcom Inc. has arranged a $63 billion deal with Bank of America Corp., Blackstone Inc., Citigroup Inc. and Morgan Stanley to finance the purchase of chips for AI model developer Anthropic PBC.
The deal is being done through a new special purpose vehicle with committed financing from the financial firms to buy Broadcom chips and lease them to Anthropic, the firms said in a joint statement on Monday. Broadcom is backstopping a portion of the financing with what’s known as residual value support.
