Broadcom lines up more than $50 billion in debt to bankroll AI infrastructure

Broadcom has a new side gig: lender. The chipmaker is arranging large debt packages to help top AI labs buy its custom chips and the infrastructure that surrounds them. The headline number is a roughly $60 billion financing package for Anthropic, with syndication starting in early October 2026. Add a potential OpenAI deal and prior commitments, and the total could pass $92 billion. How the Anthropic deal is built The Anthropic package splits into two layers. A $42 billion senior secured tranche carries Broadcom’s endorsement. An $18 billion junior tranche is led by Blackstone. Anthropic’s IPO filings, disclosed around October 1, 2026, show Broadcom committed up to $42 billion in convertible notes for the AI lab. Convertible notes are loans that can later turn into equity, giving the lender a potential slice of the upside. In June 2026, Broadcom launched its AI XPV platform partnership with Apollo Global Management and Blackstone. The goal is to help finance more than 20 gigawatts of AI infrastructure by 2028. The partnership’s opening act was a $35 billion transaction for Anthropic. The new $60 billion package builds on that foundation. OpenAI could be next Broadcom is also weighin...