Apple signs $30 billion+ multiyear deal deal With Broadcom to design and produce more than 15 billion US-made custom wireless connectivity chips for Apple products.
As part of the deal, Apple will make $1.5 billion in capital expenditure investments to help expand Broadcom’s manufacturing facility in Fort Collins, Colorado. The collaboration builds on Apple’s existing relationship with Broadcom, the iPhone maker’s primary hardware supplier for wireless components.
This deal is part of Apple’s investment commitment $600 billion The pledge was made in response to increasing pressure from the Trump administration – on the US economy over the next four years.
last year, Trump threatened Trump later reversed the policy, imposing new tariffs on Apple products unless the company moved main iPhone manufacturing to the US. iPhone assembly remains overseas.
Apple has promised that the commitment with Broadcom will create “hundreds of thousands of American jobs,” a relatively small number compared to the $30 billion price tag.
