Broadcom is lining up over $50 billion in financing for OpenAI’s custom AI chips

Broadcom is working to arrange more than $50 billion in financing for an AI chip it is developing with OpenAI. The talks are early, and no deal is expected before the end of the year. The effort, reported by Bloomberg and The Wall Street Journal, would fund OpenAI’s purchases of custom AI chips that the two companies are designing jointly. The Journal reported the discussions on October 7, 2026. Who is at the table Some of the biggest names in private credit are in the mix. Apollo Global Management and Blackstone are among the potential lenders that have been approached, according to the Journal’s reporting. The terms of the financing are still being negotiated. That matters, because “over $50 billion” is a target, not a signed check. This is also not Broadcom’s first lap around this track. The company previously put together a debt financing package of roughly $60 billion to support Anthropic’s AI chip needs. A partnership measured in gigawatts The financing sits on top of a partnership that OpenAI and Broadcom announced in October 2025. The two companies agreed to collaborate on custom AI accelerators, the specialized chips that train and run large AI models. The partnership aims...