Applied Materials plans to lift BESI holding to about 20%
The additional share purchase is subject to US antitrust review, and Applied Materials said it would not seek a BESI board seat.
Banks and Blackstone to provide $63 billion for Anthropic chip deal
A new special purpose vehicle will buy Broadcom equipment and lease it to Anthropic, with deliveries expected to start in 2027.
Bank of America, Blackstone, Citi and Morgan Stanley will provide financing totaling $63 billion for purchases of Broadcom AI chips and networking equipment to be leased to Anthropic, the companies said October 26.
The companies will use a newly created special purpose vehicle to acquire the equipment and lease it to the maker of Claude. Deliveries are expected to start in 2027 under a strategic agreement previously announced with Broadcom to supply computing capacity.
The first-lien financing is being arranged by Bank of America, Citi and Morgan Stanley. Blackstone will supply the committed part of the second-lien financing.
Broadcom will support senior lenders by covering potential losses in the equipment's value, capped at an amount matching the first-lien debt. This effectively gives those lenders a guarantee within the financing structure. The companies did not disclose how much first-lien debt the deal includes.
Under an earlier arrangement with Broadcom, Apollo and Blackstone had agreed to fund a $35 billion expansion in Anthropic's AI computing capacity. Anthropic also filed for an initial public offering on October 26.