Broadcom seeks over $60bn in debt to fund Anthropic's custom AI chips
Broadcom is in talks with Apollo, Blackstone and other lenders to raise more than $60bn — a $60-70bn senior-secured tranche plus roughly $30bn junior, up to $100bn total — through a special-purpose vehicle that would lease custom AI chips to Anthropic rather than sell them. The structure keeps the debt off Broadcom's balance sheet while its partial guarantee on the senior tranche buys an investment-grade rating and cheaper borrowing, the same shape that got the June AI XPV partnership's first $35bn done. That first tranche funded one gigawatt against a stated 20-gigawatt target for 2028, so about a twentieth of the plan is financed and none of the four companies has confirmed the new talks.
Source: thenextweb.com ↗
That capacity would roughly equal the output of 20 nuclear plants.
Why this matters
- → Unlocks $60–100bn financing structure for AI infrastructure outside Broadcom's balance sheet.
- → Leasing model lets Anthropic avoid massive capex while securing custom chips.
- → Replicates June's $35bn success; signals industry playbook for AI compute buildout.