Sources say Broadcom debt deal is expected to reach upwards of $70 billion.

Broadcom is in discussions to raise between $70 billion and $80 billion in debt to fund a chip financing initiative aimed at supporting artificial intelligence developers, including Anthropic, CNBC’s David Faber confirmed Thursday morning.

According to sources, the senior tranche of the financing—which would be repaid first—is expected to total approximately $45 billion, while the junior tranche would account for roughly $35 billion. Sources noted the figures remain fluid. Bloomberg initially reported the deal on Thursday, noting that the total package could ultimately reach $100 billion and that Blackstone and Apollo Global Management are among the financial institutions in talks to participate.

Semiconductor manufacturers are currently tapping debt markets for record-breaking capital to finance the rapid expansion of AI infrastructure and meet surging demand for new models and workloads. In June, Broadcom unveiled a new AI platform engineered to deliver 20 gigawatts of compute capacity for Anthropic and OpenAI. Blackstone and Apollo previously led the initial $35 billion financing round for that project.

Meanwhile, Nvidia, the industry’s leading AI chipmaker, disclosed in a recent securities filing that it will contribute up to $105 billion to finance a new data center for OpenAI in Ohio. Just days prior, Nvidia announced a partnership with six major asset managers to launch a $500 billion financing effort designed to establish compute infrastructure as a distinct asset class.

Following the developments, Broadcom shares climbed slightly more than 1% on Friday.