Apple announced a multi-year partnership with Broadcom worth over $30 billion to develop and supply custom ASIC silicon...

Apple announced a multi-year partnership with Broadcom worth over $30 billion to develop and supply custom ASIC silicon products for Apple devices through 2031. The deal includes the production of more than 15 billion U.S.-made chips and a $1.5 billion expansion of Broadcom's Fort Collins, Colorado facility. Broadcom shares rose nearly 5% on the news.

Sources:

• CNBC reports: "Apple said it's expanding its partnership with chipmaker Broadcom in a multi-year deal expected to exceed $30 billion."
• A Broadcom SEC filing (referenced in CNBC) states that the company "had entered into new long-term agreements with Apple to develop and supply 'custom ASIC silicon products' for multiple generations of Apple products through 2031."
• Economic Times summarizes: "The long-term deal, which runs through 2031, will see Broadcom provide billions of advanced wireless connectivity chips for future Apple devices."

What the sources said:

• "Apple said it's expanding its partnership with chipmaker Broadcom in a multi-year deal expected to exceed $30 billion." — CNBC
• "Broadcom disclosed in a filing... that it had entered into new long-term agreements with Apple to develop and supply 'custom ASIC silicon products' for multiple generations of Apple products through 2031." — CNBC citing SEC filing
• "The long-term deal, which runs through 2031, will see Broadcom provide billions of advanced wireless connectivity chips for future Apple devices." — Economic Times

The agreement solidifies Broadcom's role as a key Apple supplier, eases concerns about in-house chip replacement, and provides multi-year revenue visibility. The investment in U.S. manufacturing aligns with domestic semiconductor policy goals.