By BigGo Finance
Publication Date: 2026-10-07 23:25:00
Broadcom Inc. (AVGO) is assembling a financing package exceeding $50 billion to bankroll the custom AI chip it is co-developing with OpenAI, a transaction that underscores how the artificial intelligence build-out is forcing technology companies to tap private credit and structured financing on an unprecedented scale.
The chipmaker is in early discussions with Apollo Global Management and Blackstone about participating in the deal, according to people familiar with the matter. The capital would fund several gigawatts of OpenAI’s custom computing capacity, with the goal of closing the transaction before the end of the year, though the final amount could still change.
Separately, Oracle Corp. (ORCL) is negotiating with Apollo and Goldman Sachs to finance semiconductor purchases for a planned 1-gigawatt data center. SpaceX is also seeking roughly $40 billion in debt to acquire Nvidia (NVDA) AI processors.
The simultaneous pursuit of these multibillion-dollar facilities reflects a…
