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Broadcom Inc. · Technology
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Broadcom Inc. · Technology
Broadcom Inc (NASDAQ:AVGO, XETRA:1YD), the US semiconductor group, has agreed a long-term deal with Google to design and supply future generations of the search giant's custom artificial intelligence processors, as well as components for its next-generation data centre infrastructure, through 2031. The agreement deepens Google's strategy of developing proprietary chips to reduce its dependence on third-party suppliers and strengthen the economics of its cloud business.
Broadcom is showing its might in the world of artificial-intelligence chips — with two expanded deals that suggest the company could surpass its prior expectations for AI revenue.
Broadcom will develop and supply custom AI chips for Google and additional computing capacity to Anthropic in an expansion of the strategic collaboration between the three companies.
Broadcom said on Monday it has signed a long-term agreement with Google to develop and supply future generations of custom artificial intelligence chips and other components for the company's next-generation AI racks through 2031.
In an SEC filing, Broadcom revealed an expanded long-term partnership with Google to power the tech giant's future AI infrastructure.
The stock was up more than 2% in after-hours trading Monday.
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