broadcom CNBC’s David Faber confirmed Thursday morning that the company is in talks to raise more than $70 billion to $80 billion in debt in a chip financing deal aimed at backing artificial intelligence companies like Anthropic.
The senior tranche of financing that will be repaid first is expected to be about $45 billion and the junior tranche is expected to be about $35 billion, but those numbers are fluid, the people said. Bloomberg first covered the deal on Thursday, reporting that the total value could reach $100 billion. black stone and Apollo Global Management Among the companies negotiating for participation are .
Chipmakers are seeking historic levels of capital to fund AI buildouts and meet growing demand for new models and workloads. In June, Broadcom announced a new AI platform designed to enable 20 gigawatts of computing with Anthropic and OpenAI. Blackstone and Apollo led the initial $35 billion funding.
NVIDIA, a leading manufacturer of AI chips, announced this week that it will provide up to $105 billion to fund OpenAI’s new data center in Ohio, according to a securities filing. A week ago, Nvidia announced it was partnering with six major asset managers in a $500 billion funding drive aimed at treating computing infrastructure as a new asset class.
Broadcom stock rose more than 1% on Friday.
