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Broadcom reaches a long-term TPU and networking supply agreement with Google through 2031; Broadcom shares rise over 3% after hours.
Broadcom’s stock price rose 3% after hours. Previously, the chipmaker announced a long-term agreement with Google to develop and supply Tensor Processing Units (TPUs). Broadcom will develop and supply custom TPUs for Google’s future generations of TPUs. Broadcom will supply Google’s next-generation AI racks with networking and other components, with the agreement period lasting up to 2031. Broadcom, Google, and Anthropic expanded their existing strategic partnership. Starting in 2027, Anthropic will procure about 3.5 gigawatts of compute capacity through Broadcom.