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Apple commits $30 billion to Broadcom for U.S. chipmaking push
CNBC • • business
Key Points:
- Apple is expanding its partnership with Broadcom in a multi-year deal expected to exceed $30 billion, marking its largest U.S. manufacturing commitment to date.
- The agreement includes producing over 15 billion U.S.-made chips and a $1.5 billion expansion of Broadcom's facility in Fort Collins, Colorado.
- Broadcom will supply custom silicon wireless components for cellular, Wi-Fi, and Bluetooth connectivity, supporting multiple generations of Apple products through 2031.
- This deal is part of Apple's $600 billion, four-year U.S. investment plan and aligns with CEO Tim Cook's emphasis on boosting American manufacturing.
- Apple highlighted collaboration with the U.S. government to create a domestic silicon supply chain, with Broadcom's expansion seen as critical to enhancing Apple's device performance and connectivity.
