Broadcom Is Arranging $50 Billion So OpenAI Can Buy Its Chips

Broadcom (AVGO:NASDAQ) is arranging more than $50 billion in financing for the custom AI chips it's building with OpenAI, the Wall Street Journal reported on Wednesday. Apollo (APO:NYSE) and Blackstone (BX:NYSE) are among the lenders Broadcom has approached. Talks are early, the size could change, and none of the companies has commented.

The chips fall under OpenAI's "Nexus" program, part of the two companies' October 2025 plan to deploy 10 gigawatts of custom accelerators by the end of 2029.

Broadcom's Third Financing Package Since June

This isn't a one-off. Broadcom has now pursued financing for both of its biggest AI lab customers:

• June: a $35 billion partnership with Apollo and Blackstone to expand Anthropic's computing capacity.

• August–October: Bloomberg initially reported financing talks exceeding $60 billion. By October 5, banks had begun syndicating a $60 billion package for Anthropic, including $42 billion of senior debt backed by Broadcom and $18 billion of junior debt without its guarantees, the Financial Times reported.

• Now: more than $50 billion for OpenAI, whose chip project hit an $18 billion financing snag in May, according to The Information.

The completed $35 billion June financing, the reported $60 billion Anthropic package, and the proposed OpenAI financing of more than $50 billion together exceed $145 billion.