By tradingkey.com
Publication Date: 2026-10-08 08:23:00
TradingKey – On October 7 ET, according to a Wall Street Journal report citing people familiar with the matter, Broadcom (AVGO) is arranging over $50 billion in financing for a custom AI chip project in partnership with OpenAI, while Oracle (ORCL) is also in talks for large-scale chip procurement financing.
Additionally, according to a Financial Times report on October 6, SpaceX (SPCX) is seeking about $40 billion in financing to purchase Nvidia (NVDA) chips. None of the above financings have been completed, and the final sizes and specific terms remain to be determined.
Broadcom in Talks for Financing to Advance OpenAI Custom Chip Plan
Broadcom has reportedly approached Apollo Global Management (APO) and Blackstone (BX), among other institutions, to arrange financing for a custom AI chip project in partnership with OpenAI. Negotiations remain in the early stages, and the final financing size may be adjusted.
Broadcom and OpenAI announced a partnership on October 13, 2025, with a…
