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Apollo Global Management and Blackstone Group are currently engaged in discussions with Broadcom about a potential financing arrangement worth around US$35 billion. This funding is earmarked to bolster Broadcom's research and development endeavors in AI chips. Should these negotiations culminate successfully, the financing would stand as one of the most substantial private credit transactions to date. It would significantly propel Broadcom's AI initiatives forward, encompassing the fulfillment of TPU supply agreements with Google. The realization of this deal would underscore the private credit sector's pivotal role in catering to the burgeoning demands of AI infrastructure. Broadcom anticipates that its AI chip sales will surge past the US$100 billion mark in the coming year, with a corresponding 5% uptick in its stock price.
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