Anthropic and Samsung's Custom Chip Deal Rewrites the AI Silicon Power Map

The interesting move here is treating chips as a negotiating lever rather than an engineering upgrade. Every lab that skips owning silicon stays a renter in someone else's margin structure, and Anthropic was the last holdout. Watch whether this squeezes Nvidia's pricing power faster than anyone admits, and whether Samsung's foundry gets a genuine reputational reset out of it.