Broadcom launches $60 billion debt financing program to supply AI chips to major customers including Anthropic, signaling unprecedented scale commitment to custom silicon.

Broadcom Inc. is preparing roughly $60 billion in new AI financing to help companies including Anthropic PBC acquire chips and other computing infrastructure while supporting demand for its data-center products. Banks involved in the potential package are syndication a $42 billion Class A senior-secured tranche, according to Bloomberg. Blackstone Inc. is leading an $18 billion Class B junior-debt tranche, committing $9 billion through its funds and syndicating the remainder. The structure allows Broadcom to compete with NVIDIA Corp. while giving AI companies access to additional computing capacity. Broadcom declined to comment on the financing.

The initiative reflects a broader shift as AI investment increasingly moves beyond corporate cash flow into credit markets. Union Bancaire Privée estimates that Microsoft Corp., Amazon.com Inc., Alphabet Inc., Meta Platforms Inc., and Oracle Corp. will collectively spend roughly $820 billion on capital expenditures in 2026, against approximately $750 billion in operating cash flow. The firm projects capex could reach $1 trillion to $1.3 trillion in 2027, creating a significant funding gap that operating earnings alone cannot cover.

Companies are consequently expanding beyond conventional bonds into project finance, securitization, leveraged loans, and chip-backed financing. Amazon has reportedly explored transferring about $8 billion of NVIDIA chips into a special-purpose vehicle that could raise debt and lease the processors back to the company. Meta is preparing to enter Europe's bond market, while NVIDIA has worked with major financial firms to mobilize more than $500 billion for AI infrastructure and explored insurance structures that could reduce lender risk on chip-backed loans.

The shift is raising concerns about leverage and off-balance-sheet exposure. Investor Steve Eisman has criticized the growing use of special-purpose vehicles and guarantees, warning that soaring infrastructure costs give companies an incentive to move financing away from their balance sheets. The broader trend leaves AI financing increasingly tied to the value of chips, data centers, and future cash flows—potentially widening Broadcom's addressable market for AI hardware while extending credit-market exposure to the sector's capital demands.