Broadcom Seeks Over $50B in Financing for OpenAI's Custom AI Chip Purchases
Broadcom is seeking over $50 billion in funding to help OpenAI purchase custom AI chips, and it has approached Apollo and Blackstone as possible lenders. The deal is part of OpenAI's Nexus program and follows Broadcom's earlier financing efforts for Anthropic, including a completed $35 billion package and a reported $60 billion package. The debt would largely be held in special-purpose vehicles, but guarantees may still tie Broadcom to part of the risk.
Broadcom has approached Apollo and Blackstone about funding more than $50 billion tied to custom accelerators for OpenAI. The discussions remain preliminary, the amount may shift, and the firms have not publicly commented. The chips belong to OpenAI’s Nexus effort, which stems from an October 2025 plan to install 10 gigawatts of custom accelerators by late 2029.
This would be Broadcom’s third major AI financing push since June. Earlier, it worked on a completed $35 billion Anthropic package and a reported $60 billion Anthropic syndication, split between $42 billion of senior debt with Broadcom backing and $18 billion of junior debt without it. Combined, those efforts and the proposed OpenAI deal exceed $145 billion.
The debt-financed AI chip buildout could affect investors, lenders, and technology customers. If guarantees tie Broadcom to some risk, a downturn in AI demand or higher rates may pressure its balance sheet and share price. Lenders and special-purpose vehicle investors could absorb losses, while broader credit markets may face added strain. Workers and consumers may see benefits from faster AI deployment, but also possible cost shifts if infrastructure spending is passed through.