Broadcom to Raise Over $500 Billion for OpenAI Custom AI Chip Project

MetaEra

Release Time: 2026/10/08 10:38:51

Summary

AI and crypto news broke as Broadcom moves to secure over $500 billion in private debt for its custom AI chip project with OpenAI. The project funding announcement reveals Apollo and Blackstone as key backers, aiming to finalize the deal by year-end. The funds will support 10 gigawatts of AI chip systems from 2026 to 2029. Separately, Broadcom is arranging up to $600 billion in AI chip financing for Anthropic, with Blackstone leading a $180 billion subordinated debt portion. Oracle and SpaceX are also raising substantial funds for AI chip purchases and data center development.

Broadcom is in talks with Apollo Global Management and Blackstone to raise over $50 billion to support OpenAI’s custom AI chip project.

Article author, source: AIBase

To meet the massive funding needs of AI infrastructure, Broadcom is actively raising substantial private debt. According to people familiar with the matter, Broadcom is in discussions with institutions such as Apollo Global Management and Blackstone to raise over $50 billion to support OpenAI’s custom AI chip project.

The two parties 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. This funding is expected to be completed by the end of this year, primarily to ensure the smooth implementation of chip production capacity related to OpenAI.

Major players are following suit one after another, and private debt financing is heating up.

In addition to its collaboration with OpenAI, Broadcom is arranging up to $60 billion in new AI chip financing for companies such as Anthropic. Relevant banks have initiated a syndicated distribution, with Blackstone leading the underwriting of $18 billion in subordinate debt.

Meanwhile, Oracle and SpaceX are also actively raising substantial funds to purchase AI chips and build data centers. The strong demand for AI computing power is prompting major tech companies to accelerate their fundraising through private debt channels.

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