Broadcom is negotiating more than $60 billion in debt financing to support AI chip and data-center infrastructure, a figure that could climb toward $100 billion once junior and secondary financing is included, according to people familiar with the discussions.
The capital would help fund infrastructure tied to Broadcom's custom AI accelerator business, which counts Anthropic among its customers, as well as broader data-center buildouts needed to keep pace with surging demand for AI compute. The scale of the financing reflects a broader shift in how the industry is funding AI infrastructure, with chipmakers, cloud providers and specialized lenders increasingly structuring massive, purpose-built debt packages rather than relying solely on corporate balance sheets.
The move follows similar large financing efforts elsewhere in the industry and adds to growing debate over how much of the AI boom's infrastructure spending is being underwritten by debt rather than existing cash flow. Supporters argue the financing simply reflects real, contracted demand for compute; skeptics warn that heavy leverage across the sector could amplify losses if AI spending growth slows.
Terms of the financing, including specific lenders and interest rates, have not been finalized.
