California, July 8 (ANI): Apple has entered into a $30 billion partnership with Broadcom to develop custom chips and advanced wireless connectivity technologies for its products.
The agreement between the two U.S. technology companies is aimed at expanding domestic semiconductor manufacturing. Apple said the multiyear commitment with Broadcom will result in the production of 15 billion U.S.-made chips, supporting hundreds of American jobs.
“Apple and Broadcom have a long history together, and this new phase of our partnership further accelerates our commitment to American manufacturing and innovation,” Apple CEO Tim Cook said.
Cook said the company is deepening its investments in U.S.-based suppliers and thanked President Donald Trump and the U.S. administration for supporting those efforts.
The agreement with Broadcom represents Apple’s largest commitment under its American Manufacturing Program (AMP), which was launched last year to strengthen U.S. manufacturing. Broadcom is one of the participants in Apple’s AMP initiative.
The partnership will also see Broadcom expand and modernize its manufacturing facilities in Fort Collins, Colorado, through a $1.5 billion capital investment. The company will manufacture advanced radio frequency components, including FBAR filters, and advanced wireless connectivity technologies at the facility.
“With Apple’s newest commitment, we’re pleased to expand our manufacturing footprint in Fort Collins, where we create groundbreaking technology that connects people around the world,” Broadcom President and CEO Hock Tan said.
In a filing with the U.S. Securities and Exchange Commission (SEC) on July 6, Broadcom announced that it had entered into an agreement with Apple to expand their long-standing technology partnership through 2031.
Under the agreement, Broadcom will develop and supply a range of custom application-specific integrated circuit (ASIC) silicon products for use across multiple generations of Apple devices.
An ASIC is a chip designed for specific tasks rather than general-purpose computing. These processors provide high-speed performance and improved efficiency and are widely used for artificial intelligence applications. (ANI)
About The Author
