Broadcom extends AI chip partnerships with Google and Anthropic

Broadcom shares rose in premarket trading Monday after the chip designer announced extensions to its partnership agreements with Google and Anthropic. The deals strengthen Broadcom's position as a key supplier of custom AI accelerators to major technology companies. Google has been a long-time customer of Broadcom's networking and custom silicon products. The expanded agreement with Anthropic, a leading AI research company, signals continued demand for specialized AI hardware. Broadcom has become a major player in the AI chip market through its custom ASIC business, designing specialized processors for cloud computing giants. The company competes with Nvidia in the data center AI market but focuses on custom silicon rather than general-purpose GPUs. The partnerships highlight the ongoing race among technology companies to secure stable chip supplies for AI workloads. Major cloud providers have increasingly turned to custom silicon to reduce costs and improve performance for specific AI tasks.