Broadcom Reportedly Lining Up More Than $50 Billion to Finance OpenAI Custom Chip

Broadcom is reportedly arranging more than $50 billion in financing for a custom AI chip it is developing with OpenAI, according to a report dated October 7 that cites the Wall Street Journal and people familiar with the talks. The financing has not been announced by either company and is not a closed deal.

What has been reported

• Size: more than $50 billion
• Purpose: financing tied to the custom accelerator Broadcom is building with OpenAI
• Possible lenders: Apollo Global Management and Blackstone are reported to be considering participation
• Status: under discussion; the borrower, terms and collateral were not specified in the coverage reviewed, and no lender commitments are established

The reports describe the financing as separate from OpenAI's equity fundraising.

Background

Broadcom and OpenAI announced a partnership in 2025 to co-develop 10 gigawatts of custom AI accelerators. A separate Broadcom arrangement with Apollo and Blackstone launched in June 2026 with an initial $35 billion tranche supporting an Anthropic capacity expansion, according to the same report.

Bloomberg reported in August that Broadcom was also in talks with lenders to raise more than $60 billion in debt for an AI chip financing that would benefit Anthropic and other customers. That is described as a different deal from the one reported this week.

Why it matters

The talks illustrate how the cost of building AI computing capacity is increasingly being met with private credit and structured debt rather than only with companies' own cash flow or equity raises. A package of this size would be among the larger financings tied to AI hardware.

Because the details come from unnamed sources and secondary reporting, the figures and participants may change. Broadcom, OpenAI, Apollo and Blackstone had not confirmed the report in the coverage reviewed.