Anthropic's supplier, Broadcom, has begun raising $60 billion to fund AI chips

A banking syndicate assembled by chipmaker Broadcom has begun raising $60 billion in new debt financing, Bloomberg reported, citing sources. No official announcement has been made yet. The funds are needed to supply chips to Anthropic, the world’s most valuable artificial intelligence startup, and other companies.

Banks involved in structuring this large debt package are preparing to send letters to potential investors offering a $42 billion Class A tranche—senior secured debt—according to sources familiar with the matter who spoke to Bloomberg. The $18 billion junior Class B tranche is led by Blackstone, which will invest $9 billion from various funds and plans to syndicate the remainder.

A Broadcom spokesperson declined to comment to Bloomberg. The company is seeking to boost sales of chips and other data center equipment as it competes with Nvidia, while AI companies like Anthropic require ever-increasing computing power, the agency explained. The potential deal should help Anthropic and other companies gain access to chips and other key AI infrastructure, the agency asserts.

The financing terms have been taking shape for several weeks now, the agency reports. Wall Street and Silicon Valley are closely watching this process: market participants want confirmation that investors remain willing to support the development of AI infrastructure amid public opposition to the construction of data centers. These funds will supplement the hundreds of billions of dollars in debt already raised for AI development. But while the bulk of the funds previously went toward building data centers, the number of deals directly financing chips and servers is now on the rise, Bloomberg reports.

In August, Nvidia also announced a partnership with six major financial institutions, including Blackstone, to raise more than $500 billion for the AI industry, in part to help clients finance purchases of the company’s chips. Blackstone’s investments in Anthropic have already helped improve the performance of its private equity fund, which targets high-net-worth clients, Bloomberg noted.

Following the results of the third quarter of fiscal year 2026, Broadcom CEO Hock Tan stated that Anthropic is poised to become the company’s largest customer for custom chips in fiscal year 2027, surpassing the previous leader, Google. At that time, Tan also raised the revenue forecast for AI chips to $115 billion in fiscal year 2027 and to $230 billion in fiscal year 2028.

Broadcom’s partnership with Anthropic has raised questions among some analysts. In April 2026, Seaport Research downgraded Broadcom’s stock rating, citing the risk that the company could become involved in financing data centers for its AI partners.

However, most Wall Street analysts remain bullish on the chipmaker’s stock: there are 51 “buy” recommendations (Buy and Overweight ratings) versus three “hold” recommendations (Hold). There are no “sell” recommendations. However, the stock has fallen 5% over the past three months and is now trading 0.7% lower than it was at the beginning of 2026.

This article was AI-translated and verified by a human editor