Broadcom Secures $50 Billion Financing Commitment for OpenAI Custom AI Chip Project

Broadcom is arranging more than $50 billion in private credit financing for a custom artificial intelligence accelerator chip it is co-developing with OpenAI, marking a major escalation in infrastructure spending to reduce dependence on established GPU suppliers. Apollo Global Management and Blackstone are among the lead lenders in discussions for the facility, which is targeted to close by year-end 2026 but remains in early-stage negotiations, according to reporting from the Wall Street Journal.