Apple Strikes Multibillion-Dollar Deal with Broadcom to Make Chips in the U.S.

Apple has signed a multiyear agreement with Broadcom to develop and manufacture wireless communication chips made in the United States. The deal is worth more than 30 billion dollars.

Under the agreement, Broadcom will design and produce more than 15 billion custom wireless communication chips for Apple. These components will be used in Apple devices.

The deal calls for chip production to be localized within the United States. Details about the specific device models that will use the new chips, as well as the timeline for the start of deliveries, have not yet been disclosed.

Apple and Broadcom's collaboration in wireless technology is nothing new: the companies have long worked together on components for the iPhone and other Apple products. The current agreement expands the scope of this partnership and puts the emphasis on manufacturing specifically in the U.S.

Source: TechCrunch