Apple has signed a $30 billion+ multiyear deal with Broadcom to design and produce more than 15 billion U.S.-made custom wireless connectivity chips for Apple products.
As part of the deal, Apple will put $1.5 billion in capital expenditure investment to help expand Broadcom’s manufacturing facility in Fort Collins, Colorado. The tie-up builds on Apple’s existing relationship with Broadcom, which is the iPhone-maker’s primary hardware supplier for wireless components.
Originally reported by TechCrunch. Read the full story at the original source.
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