Broadcom Secures $63 Billion From BofA, Blackstone, Citi and Morgan Stanley to Finance Anthropic AI Chip Leases

Broadcom has arranged a $63 billion financing deal with Bank of America, Blackstone, Citigroup and Morgan Stanley structured through a new special purpose vehicle. The SPV will use the committed financing to purchase Broadcom's AI computing chips and lease that infrastructure to Anthropic, the Claude AI developer backed by Google and Amazon.

The arrangement is the largest AI chip-financing transaction to date and reflects the soaring capital costs of outfitting data centers for frontier AI workloads. By routing the transaction through a dedicated vehicle, the financial institutions effectively take on the purchase of the hardware while Anthropic gains access to the compute without carrying the full cost on its own balance sheet.

The deal also extends Broadcom's role well beyond chipmaker: the company is simultaneously the chip supplier, the architect of the financing vehicle and a potential future stakeholder in Anthropic, a position that concentrates its exposure to AI demand from a single customer.