Broadcom plans to raise more than 60 billion US dollars, and the AI chip financing scale may reach 100 billion US dollars
According to Bloomberg, citing people familiar with the matter, Broadcom is negotiating an AI chip financing deal worth more than $60 billion with several lenders that will help AI companies, including Anthropic, obtain chips and other critical AI infrastructure.
According to people familiar with the matter, the financing plan could include about $30 billion in subprime debt and about $60 billion to $70 billion in high-security debt. Broadcom will guarantee part of the advanced guarantee debt. If calculated on the scale currently discussed, the overall financing scale could reach up to 100 billion US dollars.
Apollo and Blackstone are in talks with Broadcom to participate in this funding. According to the plan, the relevant debt may be issued by a special purpose vehicle (SPV), the transaction may also proceed in stages, and the specific size and structure may still change.
The financing continues the AI infrastructure financing cooperation model previously established by Broadcom, Apollo, and Blackstone. Previously, the three parties had completed a financing of approximately $35 billion through the AI XPV platform. Investors such as Apollo and Blackstone funded the purchase of customized AI chips and then leased the chips to Anthropic, while Broadcom supported most of the debt, enabling advanced debt to receive investment grade ratings and reduce financing costs.
The partnership will ultimately support more than 20 gigawatts of computational capacity building, corresponding to the size of infrastructure equivalent to the power generation capacity of about 20 nuclear power plants, and is expected to require hundreds of billions of dollars in capital.
This potential funding further highlights the huge demand for capital for AI infrastructure construction. Recently, Nvidia also announced that financial institutions, including BlackRock and Goldman Sachs, are raising more than 500 billion US dollars to support the expansion of the AI industry.
The CEO of Broadcom previously said that the company expects AI chip sales to exceed $100 billion in 2027. As Broadcom continues to receive orders for customized AI chips from companies such as OpenAI, it is further expanding its competition with Nvidia in the AI chip and data center infrastructure market.
