According to Bloomberg, Apollo Global Management and Blackstone are in talks with Broadcom over approximately $35 billion in private credit financing to support the chipmaker’s AI chip development. The discussions are ongoing and terms may change; if completed, the deal would rank among the largest private credit financings to date.
Broadcom has signed long-term agreements with Google to develop custom tensor processing units and supply networking components for AI infrastructure through 2031, and has expanded AI-related work with Anthropic amid rising demand for AI infrastructure.
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