Broadcom Chief Helped Seal $63B Anthropic Debt Deal: WSJ

Broadcom CEO Hock Tan intervened to seal the $63 billion Anthropic debt deal announced on Monday, the Wall Street Journal reported today. The financing will allow Anthropic to lease AI chips developed by Broadcom in partnership with Alphabet’s Google. Chip developer Broadcom, founded by OC billionaires Henry Samueli and Henry T. Nicholas III, got started in Irvine and is now based in Palo Alto San Francisco-based Anthropic says in its SEC filing that it has “the ability to issue, if needed, up to $42 billion in aggregate amount of convertible promissory notes to Broadcom.” The Anthropic public listing has the capacity to be the largest public listing of all time. Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

Also reported by WSJ.

First reported by Orange County Business Journal. This page is a short excerpt; the full text is theirs.