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Broadcom Seeks More than $60 Billion in Latest AI Debt Deal, Bloomberg News Reports
The debt package could reach $100 billion and would help Anthropic and other companies secure AI chips and infrastructure, sources said.
- Broadcom is in talks with a group of lenders to raise more than $60 billion in debt for an AI chip financing deal that will benefit Anthropic and other companies, according to people with knowledge of the matter.
- Blackstone and Apollo Global Management are in talks to participate in the chip financing, following a partnership the three companies struck in June to help finance computing infrastructure.
- Under the proposed plan, Broadcom would guarantee a senior-secured tranche ranging from $60 billion to $70 billion, potentially bringing the total to $100 billion and including a roughly $30 billion junior debt tranche.
- Broadcom shares rose as much as 1.1 percent in late trading after Bloomberg News reported on the discussions, reflecting investor optimism about the chipmaker's competitive positioning.
- Broadcom's valuation has soared in recent years, propelled by agreements to make custom AI chips for firms like OpenAI, with the company expecting AI chip sales to top $100 billion next year.
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(Seoul = Yonhap News) Reporter Seol Won-tae = U.S. semiconductor company Broadcom is discussing raising more than $60 billion (approximately 84 trillion won) in debt with a syndicate of lenders, Bloomberg...
·Seoul, Korea (the Republic of)
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Broadcom seeks more than $60 billion in latest AI debt deal, Bloomberg News reports
Broadcom is in talks with a group of lenders to raise more than $60 billion in debt for an AI chip financing deal that will benefit Anthropic and other companies, Bloomberg News reported on Thursday, citing people familiar with the matter.
·London, United Kingdom
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Total News Sources16
Leaning Left0Leaning Right6Center3Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
C 33%
R 67%
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