Apple CEO Tim Cook Announces $30 Billion Broadcom Deal to Produce 15 Billion Chips
Yahoo Finance ·
Apple 's ( AAPL 0.37% ) outgoing CEO, Tim Cook, just announced a landmark partnership with custom-silicon specialist Broadcom ( AVGO 0.31% ) . The agreement focuses on designing and producing custom silicon components alongside advanced wireless connectivity technologies for Apple's products. Apple's commitment to Broadcom signals deeper collaboration in specialized chips while supporting expanded U.S. production capacity. Apple's deal with Broadcom exceeds $30 billion and is expected to produce more than 15 billion chips in the U.S. through 2031. For Broadcom, the new agreement extends the company's custom ASIC work and includes a $1.5 billion investment to expand its facility in Fort Collins, Colorado. For Apple, the deal is part of the company's American Manufacturing Program (AMP), which aims to bring more manufacturing to the U.S.
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