By Rajwa Quasim
Broadcom is assembling a massive $60 billion financing package to help fund artificial intelligence chips and infrastructure for Anthropic and other AI companies.
According to a Bloomberg report citing people familiar with the matter, Broadcom’s Wall Street banking syndicate is arranging the financing. Banks are preparing to market a $42 billion Class A senior secured debt tranche, while Blackstone is leading an additional $18 billion Class B junior debt tranche. Blackstone is also expected to commit $9 billion of its own funds and syndicate the remaining amount to investors.
The deal has not yet been formally announced, and both companies have declined to comment on the report.
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AI companies are racing to secure the enormous computing capacity needed to train and operate increasingly powerful models. Anthropic, the developer of the Claude AI model, has emerged as one of the largest customers for advanced computing infrastructure, AI chips and data center capacity. Broadcom is a key supplier of the technology that companies such as Anthropic rely on.
According to Anthropic’s recent IPO filing, Broadcom has agreed to lend the AI company up to $42 billion to help finance its infrastructure expansion. The arrangement would allow the Claude maker to lease tensor processing unit, or TPU, computing capacity. Anthropic has committed to spending $125.2 billion over five years on computing capacity.
Under the arrangement, Broadcom could potentially designate a financing partner, while some debt instruments could be converted into Anthropic shares.
Robert Leitao, managing partner at Rothschild & Co., said, “It feels that there’s quite a concentrated bet right now on two companies being able to generate enough revenues to support all the financing that’s happened.”
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The latest financing also builds on a $35 billion partnership involving Broadcom, Blackstone and Apollo announced earlier this year to expand Anthropic’s computing capacity.
Broadcom is also seeking to strengthen its position in the AI chip market and challenge Nvidia’s dominance in the sector.
Broadcom forecasts $115 billion in AI semiconductor revenue in fiscal 2027 and $230 billion in fiscal 2028.
The financing, which has been developing for several weeks, is being closely watched by Wall Street and Silicon Valley. The deal could provide a signal of whether investors remain willing to fund further expansion of AI infrastructure amid growing concerns and public opposition to data center construction.