Apollo Global and Blackstone are among private credit lenders in talks with Broadcom over a ~$35B financing deal to fund the development of AI chips

Broadcom is swinging big. The chipmaker is in talks with private credit heavyweights over a roughly $35 billion financing deal aimed squarely at funding AI chip development.

Apollo Global Management and Blackstone are among the private credit lenders involved in the discussions. The sheer scale of the deal underscores just how capital-intensive the AI silicon race has become.

A $35 billion credit facility would rank among the largest private lending deals ever assembled. It signals that Broadcom is doubling down hard on its custom AI chip business — an area where it already counts major hyperscalers as clients.

Private credit firms have been increasingly muscling into massive tech financings, offering speed and flexibility that traditional bank syndicates sometimes can't match. This deal, if it closes, would be a landmark moment for that trend.