✉news TechnologySemiconductors first seen 9 h ago, last 1 h ago, peak #1
Blackstone and Banks Raise $60 Billion for Broadcom AI Chip Deal
Original: Blackstone, Banks Amass $60 Billion for Broadcom’s AI Chip Deal
Blackstone and a group of banks have assembled roughly $60 billion in financing to back Broadcom's artificial intelligence chip business, according to Bloomberg. The funding package is one of the largest ever put together for a semiconductor company and underscores how aggressively lenders and private credit firms are chasing AI-related deals. Broadcom has become a central supplier of custom AI chips for major cloud customers.
Why now: The sheer size of the financing and its link to the AI boom make it a landmark deal for both the chip industry and private credit markets.
Rank over time, top of the chart is #1. 7 snapshots from 9 h ago to 1 h ago.
Evidence
- Blackstone, Banks Amass $60 Billion for Broadcom’s AI Chip Deal · Bloomberg.com
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