Broadcom is negotiating a financing package of approximately $35 billion with a group of private credit lenders. Apollo Global Management and Blackstone are among the primary firms involved in the discussions.
The transaction would rank as one of the largest private credit deals on record. Broadcom intends to use the capital to fund the development and production of artificial intelligence chips.
The financing supports the expansion of Broadcom's custom silicon business to meet surging demand for AI infrastructure. This development follows reports of financing challenges involving a potential AI chip deal with OpenAI.
Negotiations remain ongoing. Final terms of the agreement are subject to change.