At its investor day on October 6, chip designer Marvell Technology raised its revenue forecast for fiscal 2028 to about $20 billion, above the $18.2 billion analysts had pencilled in. It now projects $12 billion of custom-chip revenue in fiscal 2029, up from…
Finance angle The money comes from cloud companies designing their own AI processors instead of buying only Nvidia's: Marvell and Broadcom are the two main design partners, and data centres already bring in 72% of Marvell's sales. A Google arrangement of up to $120 billion through fiscal 2033 is conditional on performance…
Read the report at MarketScreener ↗
Broadcom is assembling a financing package of about $60 billion to pay for AI chips and computing capacity for Anthropic, according to a Bloomberg report carried by the publisher. It is described as a $42 billion Class A senior secured tranche arranged by a…
Finance angle The finance angle is who carries the bill for AI compute. Per the report, Broadcom agreed to lend Anthropic up to $42 billion, and Anthropic has committed $125.2 billion over five years for tensor processing unit capacity. The chip supplier is in effect financing its own customer, with banks and private credit taking…
Read the report at The American Bazaar ↗
Broadcom reported revenue of $29.6 billion for its fiscal third quarter, up 86% from a year earlier. AI semiconductor revenue was $16.7 billion, up 221% on the year and 54% on the previous quarter. The company guided fourth-quarter revenue to about $34.8…
Finance angle Broadcom designs custom AI accelerators and networking chips for large cloud and AI companies, so its $16.7 billion of AI chip revenue is those customers' spending on alternatives and complements to Nvidia's processors. Because manufacturing is outsourced, mainly to foundries such as TSMC, Broadcom spent $0.5 billion…
Read the report at Broadcom (SEC Form 8-K) ↗
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