Broadcom AI chip financing could reach between $60 billion and $100 billion as the company seeks funding to support AI chip production for Anthropic and other customers.
The proposed transaction reflects the growing role of debt in funding large-scale artificial intelligence infrastructure as demand for advanced computing continues to rise.
Broadcom is reportedly discussing a structure that includes about $30 billion in junior debt. The company may also guarantee part of a senior secured debt tranche valued at roughly $60 billion to $70 billion. Total financing could ultimately reach $100 billion.
A special-purpose vehicle would issue the debt, keeping the financing off Broadcom’s balance sheet. Blackstone and Apollo Global Management are also reported to be discussing participation in the transaction.
AI Infrastructure Debt Expands Across Credit Markets
The financing plan fits a broader trend in which AI infrastructure is increasingly supported by debt rather than corporate cash. Goldman Sachs Research estimates AI-related debt issuance could approach $500 billion in 2026.
Credit strategist Amanda Lynam said, “It’s hard to overstate the importance of this theme in the credit markets, both in terms of its overall scale.”
The scale of these transactions shows how expensive AI infrastructure has become. Even large technology companies are increasingly using external capital to fund the chips, data centers and computing capacity required for advanced AI systems.
Broadcom Custom Chips Support Nvidia Alternatives
Broadcom develops custom silicon for Alphabet and Meta and has supply agreements with Anthropic and OpenAI. These companies are seeking alternatives to Nvidia GPUs as they expand their own AI accelerators and computing systems.
Financing custom chips at this scale could make those projects easier to execute. Nvidia is also using external funding. The company reportedly announced in August that it had arranged financing with Apollo, Blackstone, BlackRock, Brookfield, Goldman Sachs and KKR to secure more than $500 billion in third-party capital.
The competition is therefore increasingly tied to access to large financing pools as well as processor performance. The proposed structure links rising chip demand directly with expanding credit-market capacity.
Broadcom Expands Capacity as AI Revenue Surges
The latest fundraising effort follows a platform Broadcom launched with Apollo and Blackstone in June. That initiative began with a $35 billion transaction designed to expand Anthropic’s computing capacity by more than one gigawatt.
The broader objective is to deliver more than 20 gigawatts of computing capacity to frontier AI laboratories, including Anthropic and OpenAI, by 2028. Bank of America’s Tom Curcuruto said Broadcom’s financing facility could reach $370 billion in senior debt by mid-2029 to fund 20 gigawatts of capacity.
Broadcom’s AI semiconductor revenue reached $10.8 billion in its fiscal second quarter ended May 3, 2026, up 143% from a year earlier. CEO Hock Tan said he expects third-quarter AI revenue to exceed $16 billion, representing growth above 200%. Total quarterly revenue was $22.2 billion.
