Broadcom Secures Multi-Year TPU and Networking Supply Deals with Google; Shares Rise After-Hours
Broadcom Inc. shares rose 2.6% in after-hours trading Monday after the company disclosed long-term agreements with Google to co-develop and supply custom Tensor Processing Units (TPUs) and to provide networking and other components for Google’s next-generation AI racks through up to 2031. The arrangement also includes a tri-party expansion with Ant…