Apple and Broadcom Sign $30 Billion Deal to Manufacture Chips in the US
Apple and Broadcom have entered a multi-year agreement exceeding $30 billion to produce billions of wireless communication chips in the United States, the tech giant announced on Wednesday. The partnership, extending through 2031, aims to manufacture over 15 billion chips and create hundreds of jobs domestically, supporting Apple's broader goal of establishing a full chip supply chain within the US.
This deal is part of Apple's American manufacturing initiative launched last year, which includes a commitment to invest $600 billion in local production. As part of the agreement, Broadcom will expand and upgrade its manufacturing facilities in Fort Collins, Colorado, with a $1.5 billion investment.
Outgoing Apple CEO Tim Cook emphasized the importance of the partnership in accelerating American manufacturing and innovation, expressing gratitude to the US president and administration for their support. Broadcom CEO Hock Tan highlighted the company's long-standing collaboration with Apple and their shared dedication to American innovation.
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