Broadcom seeks more than $60 billion in debt to fund AI chip access

Broadcom is in talks with lenders to raise more than $60 billion in debt to finance AI chip and infrastructure access for Anthropic and other companies, people familiar with the matter say. The full financing could reach as much as $100 billion.

The package would extend a partnership Broadcom struck in June 2026 with private-credit firms Blackstone and Apollo Global Management, which included an initial $35 billion loan. Under the structure being discussed, a special-purpose vehicle would issue roughly $30 billion in junior debt alongside a senior-secured tranche of about $60 billion to $70 billion that Broadcom would guarantee.

The scale signals how far AI infrastructure spending has moved off balance sheets and into structured debt. Chipmakers and their customers increasingly lean on private credit to fund the data centers and accelerators that model training and inference demand, rather than paying up front. For Broadcom, the deal is a bet that its custom silicon can win business from companies looking to reduce their dependence on Nvidia hardware, which still dominates AI compute.

Anthropic, the AI lab behind the Claude family of models, is among the intended beneficiaries; the financing is meant to underwrite its access to chips and infrastructure.

The terms remain under negotiation and could change or collapse. Broadcom has not confirmed the discussions on its own investor-relations channels, and the reported figures rest on accounts from people briefed on private talks rather than any company disclosure. A deal of this size would rank among the largest debt financings ever assembled to fund AI compute.