Anthropic walked away from a $7 billion MatX deal as it pushes deeper into custom AI chips
Anthropic, as reported by Reuters on Thursday, was in discussions about acquiring MatX, a startup focusing on chip technology, for approximately $7 billion in an effort to strengthen its custom silicon plan and lessen its reliance on Nvidia, but the negotiations have been halted.
The abandoned acquisition demonstrates just how obsessed the Claude creator is with securing control of its hardware. Anthropic is already utilizing many of Google’s TPUs, Amazon’s Trainium, and Nvidia’s GPUs and announced this plan back in October 2025 in their announcement about expanding their use of Google Cloud. Buying a semiconductor chip designer would further secure Anthropic’s position, helping it shift from buying and leasing chips to actually producing them.
Why a lab that rents millions of chips wants to design its own
The attraction of MatX boils down to its size. By the end of July, Anthropic’s annualized revenue run rate reached $65 billion, climbing from $47 billion in May and nearly $9 billion at the close of 2025. The sheer level of growth results in a constant demand for computing power that is needed for training and running Claude.
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