Broadcom seeks more than $50 billion to finance OpenAI AI chips

According to Oninvest, which cites the Journal, Broadcom has discussed the deal with lenders including Apollo and Blackstone. Its sources stress that the talks are at an early stage and the deal's size could change.[2]Benzinga reports that the proposed financing could support several gigawatts of chip capacity for OpenAI[3], and that Broadcom and OpenAI expect the deal to close by year-end.[3]GuruFocus reports that the funding is meant to help OpenAI handle upfront hardware costs while it waits for revenue from its AI computing projects.[4]Yahoo Finance reports that the chips belong to OpenAI's "Nexus" program, part of the two companies' October 2025 plan to deploy 10 gigawatts of custom accelerators by the end of 2029.[1] According to Yahoo Finance, none of the companies has commented.[1]Crypto Briefing notes that Broadcom previously put together a debt financing package of roughly $60 billion to support Anthropic's AI chip needs.[5]Benzinga reports that Broadcom stock fell 6% after BofA estimated an AI chip-financing vehicle could reach $370 billion in senior debt by mid-2029.[3]Yahoo Finance quotes deVere Group CEO Nigel Green telling Reuters that "The AI build-out started on cash... It's increasingly running on credit, and credit changes the risk profile entirely."[1]