Apple Signs $30 Billion Multiyear Chip Deal With Broadcom

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Apple has finalized a multiyear agreement with Broadcom for over $30 billion. Under the deal, Broadcom will design and produce custom wireless chips for Apple. This initiative aims to secure a domestic supply of essential radio-frequency and connectivity components.

The agreement strengthens technology supply chains within the United States. It also ensures Apple has a consistent source for critical components while providing Broadcom with a significant, long-term revenue stream. Since the news broke,

Apple, Inc. has moved +0.02% and Broadcom Inc. +0.39% on Hyperdash.

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