Broadcom IncAVGO
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Broadcom wins a multi-year deal worth over $30 billion to supply custom chips to Apple, with a $1.5B facility expansion.
Apple announced a multi-year chip deal with Broadcom expected to exceed $30 billion, the largest U.S. manufacturing commitment to date. The agreement covers the production of more than 15 billion U.S.-made chips and a $1.5 billion expansion of Broadcom's facility in Fort Collins, Colorado. Reuters reported that Broadcom will expand its partnership with Apple through 2031 for the development and supply of custom chips.
Broadcom IncBroadcom wins a multi-year deal worth over $30 billion to supply custom chips to Apple, with a $1.5B facility expansion.
Apple Inc.Apple secures long-term custom chip supply from Broadcom through 2031, ensuring production capacity for its devices.
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