Broadcom and Google have agreed to a multi-year partnership that will keep the chipmaker deeply embedded in Google's AI hardware roadmap. Under the deal announced this Monday, Broadcom will design and supply future generations of custom AI processors and related components for Google's next-generation AI server racks through 2031.

Key Takeaways:

Broadcom will develop and supply custom AI chips for Google's next-gen AI racks through 2031, cementing a long-term hardware partnership.
Anthropic secured access to roughly 3.5 gigawatts of AI computing capacity powered by Google's processors, starting in 2027.
Anthropic's annualized revenue has tripled -- from about $9 billion at the end of 2025 to over $30 billion in run-rate revenue in 2026.

Alongside that announcement, Broadcom revealed a separate agreement with Anthropic. That deal gives the AI startup access to approximately 3.5 gigawatts of AI computing capacity built on Google's processors, with delivery starting in 2027. Neither deal included publicly disclosed financial terms.

Investors liked what they saw. Broadcom shares climbed about 3% in after-hours trading following the announcements.

The agreements arrive at a time when demand for custom silicon -- particularly Google's tensor processing units, or TPUs -- has grown sharply. Companies hunting for alternatives to Nvidia's expensive GPUs have turned to purpose-built chips as a way to run AI workloads more cost-effectively. Reuters reported in December that Google was actively working to position its TPUs as a genuine competitor to Nvidia's dominant GPU lineup. TPU revenue has since become a vital growth engine inside Google's cloud division, helping the company demonstrate that its massive AI spending is producing real financial returns.

For Anthropic, the Broadcom deal fits into a broader infrastructure push. The company said Monday that the new computing capacity agreement builds on its commitment to invest $50 billion in U.S. computing infrastructure.

The numbers back up the urgency. Anthropic reported that demand for its AI model Claude has accelerated rapidly in 2026. The startup's annualized revenue has surged past $30 billion, roughly tripling from the $9 billion run rate it posted at the end of 2025.

Despite this new deal with Google-powered hardware through Broadcom, Anthropic continues to spread its bets across chip vendors. The company trains and runs Claude on a mix of hardware: Amazon Web Services' Trainium processors, Google TPUs, and Nvidia GPUs. Amazon remains Anthropic's primary cloud provider and training partner.

Broadcom Locks In Google AI Chip Deal Through 2031, Adds Anthropic Pact