Broadcom launches a 53 trillion won AI infrastructure fund, aiming to build a rival to NVIDIA

[The Financial News] Broadcom, a semiconductor design company, has launched a large-scale artificial intelligence data center investment platform with global asset managers. The move is seen as a strategy to expand the market for customized AI semiconductors and attract asset managers' capital to increase the scale of AI infrastructure investment, in a bid to challenge the NVIDIA-centered AI ecosystem.
Broadcom Inc. said on the 9th, local time, that it had established the AI XPV Platform with Apollo Global Management and Blackstone as key financial partners.
The platform aims to build up to 20 gigawatts of AI computing infrastructure based on Broadcom's custom AI chips, or XPUs, and network solutions. The infrastructure will be supplied to major AI companies such as Anthropic and OpenAI.
The participating companies will initially invest $35 billion to support Anthropic's AI infrastructure project, which is designed to exceed 1 gigawatt. The data centers will be deployed at facilities operated by cloud infrastructure company Fluidstack.
Under the structure, asset managers provide funding for Fluidstack's data center construction through the platform, and Fluidstack generates revenue by leasing the facilities to Anthropic.
The semiconductors used in this AI infrastructure are expected to be Tensor Processing Units (TPU) designed by Broadcom and developed by Google. For Google, the arrangement could both expand the AI infrastructure of its investor Anthropic and boost TPU sales. Broadcom is also co-developing custom AI chips with OpenAI and has secured Meta as another major customer.
In the AI industry, semiconductors are no longer the only key competitive edge. Data centers and power supply have also emerged as critical factors. As a result, private equity firms and asset managers are pouring large sums into AI infrastructure. Meta, for example, signed a $27 billion data center financing deal with Blue Owl Capital late last year.
Industry observers say Broadcom is using the AI XPV Platform to challenge the NVIDIA-centered market while responding to rising demand from AI companies for customized semiconductors.
Hock Tan, Chief Executive Officer of Broadcom, said, "We are at a historic turning point in which demand for AI computing is fundamentally reshaping the global economy." He added, "We will support customers, including Anthropic, so they can realize their AI vision."

km@fnnews.com Kim Kyung-min Reporter