Apollo, Blackstone weigh $35B financing for Broadcom
Apollo and Blackstone are exploring a $35 billion financing package for Broadcom, according to Bloomberg. The deal could help the chipmaker fund acquisitions or shareholder returns as it navigates heightened competition in AI infrastructure and data center semiconductors.
For enterprise IT leaders, this signals continued M&A appetite in the chip sector despite capex scrutiny elsewhere. Large financials backing strategic chip deals reflects confidence in AI-driven infrastructure spending trajectories.