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Story summary
- Broadcom is creating a special-purpose vehicle to raise up to $100 billion for AI chip leasing.
- The SPV would borrow over $60 billion, possibly $70–$100 billion, without adding debt to Broadcom’s balance sheet.
- Bank of America estimates Broadcom’s exposure could reach $370 billion by 2029, calling it “manageable.”
- AI bookings last quarter topped $30 billion.
- CEO Hock Tan says the AI XPV platform will deploy over 20 gigawatts of compute through 2028.
