Broadcom is in talks with a group of lenders to raise more than $60 billion in debt for an AI chip financing deal that will benefit Anthropic and other companies, according to Bloomberg News. The financing could include a roughly $30 billion junior debt tranche, with Broadcom guaranteeing part of a senior-secured tranche that could range from $60 billion to $70 billion — potentially bringing the total raise to $100 billion.
Blackstone and Apollo Global Management are in talks to participate. The deal builds on a June partnership between Broadcom, Apollo, and Blackstone to finance a $35 billion expansion of Anthropic's computing capacity using Broadcom's custom chips and networking solutions. That initial commitment was expected to add one gigawatt of computing capacity, with the broader partnership aiming to enable more than 20 gigawatts of compute power for leading AI labs by 2028.
Broadcom plays a critical role in the AI chip ecosystem, designing custom chips for Alphabet, Meta, and other tech giants seeking to reduce reliance on Nvidia. It also has chip supply deals with both Anthropic and OpenAI.
The potential deal underscores how AI infrastructure is driving unprecedented capital formation. Hyperscalers including Alphabet, Amazon, and Microsoft have signaled that AI spending will remain elevated through 2026, and chip companies are increasingly turning to debt markets to meet the massive capital requirements.
