Broadcom debt deal expected to reach upwards of $70 billion, sources say
Broadcom is in talks to raise upwards of $70 to $80 billion in debt for a chip financing deal, CNBC's David Faber reported on Friday.
TL;DR
- Broadcom is in talks to raise $70 billion to $80 billion in debt for AI chip financing.
- The deal aims to support companies like Anthropic, with senior and junior tranches estimated at $45 billion and $35 billion respectively.
- Blackstone and Apollo Global Management are reportedly in talks to participate in the financing.
- Chipmakers are seeking large amounts of capital to support the growing demand for AI.
- Nvidia recently announced a $105 billion data center deal for OpenAI and a broader $500 billion financing push for compute infrastructure.