Broadcom would become a major capital provider to AI companies if it secures $70 billion to $80 billion of debt, CNBC’s David Faber confirmed Thursday morning. The talks center on a structured financing to back chip supply and the buildout of compute for customers such as Anthropic, with lenders and asset managers weighing participation. Sources say the package is being split into a senior tranche of about $45 billion, which would be repaid first, and a junior tranche near $35 billion, though those figures remain fluid.
Bloomberg first reported the deal on Thursday and said the financing could expand to as much as $100 billion, with firms including Blackstone and Apollo Global Management among parties in discussions. Creditors and private capital are already active in this space: Blackstone and Apollo led an initial $35 billion financing, a fact the market has taken as a signal that buyout firms see structured chip lending as a deployment avenue. Chipmakers are seeking what market participants call historic levels of capital to support the AI buildout and absorb demand for new models and workloads.
Broadcom’s corporate strategy has an evident financing dimension. In June the company announced a new AI platform intended to enable 20 gigawatts of compute for Anthropic and OpenAI, tying its product roadmap to large-scale infrastructure commitments. That technical pledge creates a direct financing need, and a multitranche debt package would give Broadcom a path to underwrite capacity while transferring portions of risk to institutional lenders.
The talks sit alongside parallel moves by other industry players. Nvidia, the leading maker of AI chips, disclosed this week it will provide up to $105 billion to finance a new data center for OpenAI in Ohio, according to a securities filing. Nvidia has also said it is working with six large asset managers on a $500 billion financing push meant to treat compute infrastructure as a new investable class.
Negotiations for Broadcom’s package will determine how much exposure banks and asset managers accept to back chip supply, and whether structured debt becomes a standard tool for scaling AI compute. With figures still shifting and major financial sponsors involved, the next developments will show whether this model scales to the levels Bloomberg described, or remains a series of bespoke capital transactions.
