To meet the enormous funding demand for AI infrastructure, Broadcom is actively raising a huge amount of private debt. According to people familiar with the matter, Broadcom is in talks with institutions including Apollo Global Management and Blackstone Group, planning to raise more than 50 billion US dollars to support OpenAI's custom AI chip project.
The two parties have previously reached a cooperation agreement to deploy 10 gigawatts of custom AI chip systems between the second half of 2026 and the end of 2029. The financing is expected to be completed before the end of this year, mainly to ensure the smooth implementation of OpenAI-related chip production capacity.
Multiple giants follow suit one after another, private debt financing heats up
In addition to the OpenAI cooperation project, Broadcom is also arranging new AI chip financing of up to 60 billion US dollars for companies such as Anthropic. The relevant banks have launched syndicated distribution, with Blackstone Group leading the underwriting of a 18 billion US dollar mezzanine debt portion.
At the same time, Oracle and SpaceX are also actively raising huge amounts of funds for purchasing AI chips and building data centers. The strong demand for AI compute is prompting major tech companies to accelerate their access to funding through private debt channels.