Broadcom CEO Hock Tan speaks at the digital X event in Cologne, Germany, on September 13, 2022.
Ying Tang | Nurphoto | Getty Images
Broadcom said Monday that it’s agreed to produce future versions of artificial intelligence chips for Google, and signed an expanded deal with Anthropic that will give the AI startup access to about 3.5 gigawatts worth of computing capacity drawing on Google’s AI processors.
Shares of Broadcom rose 3% in extended trading.
The disclosure in a securities filing underscores the surging demand for infrastructure that can run generative AI models. Anthropic’s popularity has soared this year, with its Claude app becoming the top free U.S. app listed in Apple’s App Store in February after a dispute between the company and the Pentagon became public.
Anthropic’s annualized revenue has exceeded $30 billion, up from around $9 billion at the end of last year, the startup said in a blog post. The company counts over 1,000 business clients spending more than $1 million annually, double the count as of two months ago.
“This groundbreaking partnership with Google and Broadcom is a continuation of our disciplined approach to scaling infrastructure: we are building the capacity necessary to serve the exponential growth we have seen in our customer base while also enabling Claude to define the frontier of AI development,” Anthropic’s finance chief, Krishna Rao, was quoted as saying in the blog post. Most of the new infrastructure will be located in the U.S., Anthropic said.
On an earnings call last month, Broadcom CEO Hock Tan said that “for Anthropic, we are off to a very good start in 2026” in providing 1 gigawatt of compute from Google’s homegrown tensor processing units (TPUs). Broadcom helps Google make its TPUs.
“For 2027, this demand is expected to surge in excess of 3 gigawatts of compute,” he said.
In a note following the earnings call, analysts at Mizuho led by Vijay Rakesh estimated that Broadcom would pick up $21 billion in AI revenue from Anthropic in 2026 and $42 billion in 2027. The filing on Monday did not contain a dollar amount.
Meanwhile, Broadcom is also collaborating with Anthropic rival OpenAI on custom silicon for AI. Both model builders currently rely heavily on graphics processing units from Nvidia through cloud providers such as Amazon, Google and Microsoft. OpenAI has also committed to drawing on six gigawatts of AMD’s GPUs, with the first gigawatt set to come in the second half of this year.
