Broadcom in early talks for $30B debt financing for OpenAI custom chips

In June 2026, Broadcom announced a financing platform with Apollo Global Management and Blackstone as cornerstone investors. Its first phase was sized at $35 billion, and the platform is intended to help fund more than 20 gigawatts of compute for AI developers such as Anthropic and OpenAI through 2028.

On the morning of October 8, 2026, a 36Kr report citing a Caixin wire story and people familiar with the matter said Broadcom is arranging more than $50 billion in financing for the custom AI chip program it is developing with OpenAI, with Apollo Global Management and Blackstone among the lenders in talks. The same report said Oracle is separately negotiating with Apollo and Goldman Sachs to raise money to buy chips. It noted that rising data center construction costs have pushed technology companies to look for new ways to fund AI software and services.

Later that day, Wall Street CN, citing Bloomberg and people familiar with the matter, gave a different figure: Broadcom has held preliminary discussions to arrange roughly $30 billion in debt financing to help OpenAI buy the custom AI chips the two companies are co-developing. No formal process has begun, and the plan could still change. That report added that Broadcom had earlier launched a $60 billion debt financing for Anthropic. Broadcom, OpenAI and Blackstone, a potential participant, all declined to comment.

The two accounts do not match on size: one describes more than $50 billion tied to the chip program, the other about $30 billion in debt financing. According to the Bloomberg-sourced report, the formal process has not yet started.