AI
Banks assemble $63bn to buy Broadcom chips and lease them to Anthropic
Bank of America, Citi and Morgan Stanley are arranging $63bn of financing to buy Broadcom accelerators and networking equipment that will be leased to Anthropic, with Blackstone providing the committed second-lien portion. The hardware sits in a special purpose vehicle, Broadcom is offering residual-value support to senior lenders, and deliveries are due to start in 2027. The structure turns chip supply into a leasing business backed by debt.