Apple is expanding its partnership with Broadcom in a multi-year deal expected to exceed $30 billion. This marks the iPhone maker’s largest U.S. manufacturing commitment to date. The agreement will lead to the production of more than 15 billion U.S.-made chips and includes a $1.5 billion expansion of Broadcom’s facility in Fort Collins, Colorado. Broadcom has long supplied Apple with connectivity components. The new deal deepens work on U.S.-made custom silicon, including wireless components for cellular, Wi-Fi and Bluetooth networks. Broadcom will also develop and supply custom ASIC silicon products for multiple generations of Apple devices through 2031. For outgoing CEO Tim Cook, the move continues efforts to invest in American manufacturing. It forms a major part of Apple’s $600 billion, four-year U.S. investment plan and advances work toward an end-to-end silicon supply chain in America.
Apple is expanding its partnership with Broadcom in a multi-year deal expected to exceed $30 billion. This marks the iPhone maker’s largest U.S. manufacturing commitment to date. The agreement will lead to the production of more than 15 billion U.S.-made chips and includes a $1.5 billion expansion of Broadcom’s facility in Fort Collins, Colorado. Broadcom has long supplied Apple with connectivity components. The new deal deepens work on U.S.-made custom silicon, including wireless components for cellular, Wi-Fi and Bluetooth networks. Broadcom will also develop and supply custom ASIC silicon products for multiple generations of Apple devices through 2031. For outgoing CEO Tim Cook, the move continues efforts to invest in American manufacturing. It forms a major part of Apple’s $600 billion, four-year U.S. investment plan and advances work toward an end-to-end silicon supply chain in America.