Broadcom will supply TPU chips to Google and provide computing power for Anthropic, with the stock price rising 3% after hours.

According to regulatory filings the company filed with the SEC on Monday, Broadcom has agreed to produce future versions of artificial intelligence chips for Google, and it has also signed an expanded agreement with Anthropic that will allow Anthropic to obtain about 3.5 gigawatts of computing power, which will be based on AI processors provided by Google.

Broadcom’s stock price rose 3% in after-hours trading. Alphabet’s share price, Google’s parent company, was essentially flat.

Under this new long-term agreement, Broadcom will design and supply customized tensor processing units (TPUs) for Google’s next-generation AI accelerators, and it will also provide networking equipment and related components for Google’s new generation of AI data center racks; the collaboration will continue through 2031.

At the same time, Broadcom, Google, and Anthropic have further deepened their strategic cooperation. Starting in 2027, Anthropic will obtain about 3.5 gigawatts of next-generation TPU-based AI computing power through Broadcom, as part of its multi-gigawatt expansion plan.

This agreement depends on Anthropic’s commercial growth path, reflecting that market demand for Broadcom AI chips and infrastructure solutions is increasing. The relevant companies said they are in talks with more operating and financial partners to support this scaled deployment.

In last month’s earnings call, Broadcom CEO Hock Tan said:

“For Anthropic, we’ve already gotten off to a very good start on 1 gigawatt of TPU capacity in January 2026. And by 2027, this demand is expected to surge to more than 3 gigawatts of capacity.”

After the earnings call, a team led by Mizuho Securities analyst Vijay Rakesh estimated in a report that Broadcom will receive $21 billion in AI-related revenue from Anthropic in 2026, and will reach $42 billion in 2027. However, the Monday filing did not disclose specific amounts.

Meanwhile, Broadcom is also collaborating with Anthropic’s competitor OpenAI to develop custom chips for AI. Currently, these model developers still rely heavily on Nvidia graphics processing units provided by cloud service providers such as Amazon, Google, and Microsoft. OpenAI has also pledged to use 6 gigawatts of AMD GPU computing power, with the first batch of 1 gigawatt expected to be put into use in the second half of this year.

Anthropic’s compute demand surges

Media reports say this deal highlights rapidly growing demand for the infrastructure needed to run generative AI models. Since the beginning of this year, Anthropic’s popularity has surged, and its Claude app briefly ranked No. 1 on the free apps list in the U.S. App Store in February.

The company said this major expansion of computing infrastructure will support the company’s leading-edge Claude models and help the company meet massive demand from customers worldwide.

Anthropic’s Chief Financial Officer Krishna Rao said:

“This groundbreaking partnership we’ve reached with Google and Broadcom continues the disciplined approach we’re taking as we expand our infrastructure: we are building the necessary computing power to meet the exponentially growing needs of our customer base, while continuing to push Claude further at the cutting edge of AI development. To keep up with this unprecedented pace of growth, we are making our largest-ever scale of computing capacity investment.”

Anthropic said that in 2026, demand from Claude customers is accelerating clearly. The company’s annualized revenue has already exceeded $30 billion, which is about $9 billion higher than the level at the end of 2025. When it announced its Series G financing in February this year, the company said it already had more than 500 enterprise customers whose annual spending exceeded $1 million. And now, that figure has surpassed 1,000, doubling in less than two months.

According to the company announcement, most of the incremental compute will be deployed in the United States. This collaboration also further deepens Anthropic’s existing partnership with Google Cloud.

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