The chipmaker is seeking more than $60 billion from lenders for an AI financing package benefiting Anthropic and other companies, with Broadcom expected to guarantee part of a 60 billion to 70 billion senior debt tranche, Bloomberg News reported.
MediaTek Bets $5B on AI Chips
The company is ramping up investment in custom AI chips as it expands beyond smartphone processors.
Popular Reads
New Zealand Backs Fletcher Building’s Cement Plant
The government has committed NZ$60 million to support continued operations at Golden Bay Cement, helping preserve domestic cement production.
Vehicle Parts Delays Renew Push for Consumer Law Reform
Lengthy waits for replacement components and refunds are fuelling calls to overhaul Australia's consumer laws and improve accountability across the automotive industry.
TSMC Eyes Fifth Straight Record Quarter on AI Growth
The chipmaker is forecast to post a 59% jump in second-quarter profit as investment in AI infrastructure continues to fuel semiconductor demand.
Brown-Forman CEO Lawson Whiting to Retire
The Jack Daniel's maker has begun searching for a new chief executive, with Lawson Whiting set to remain in the role until his successor is appointed.
More manufacturing News
Shein Moves Closer to Hong Kong IPO After China Approval
The fast-fashion company has overcome a major regulatory hurdle, paving the way for one of the year's most closely watched listings.
Xiaomi Bets on EV Growth With Sky Nomad SUV Debut
The technology giant has unveiled a new SUV series as it diversifies beyond smartphones and strengthens its presence in the electric vehicle sector.
Jeremy Grantham Calls SpaceX ‘Craziest IPO in History’ After Nasdaq 100 Entry
The veteran investor has renewed his criticism of SpaceX's valuation and ambitious long-term vision, arguing future investors may view the company's market debut with skepticism.