California, July 8 -- Apple has entered into a USD 30 billion partnership with Broadcom to build custom chips and cutting-edge wireless connectivity technologies for its products.

The agreement between the two US tech players aims to expand the domestic manufacturing of chips. Apple said that the multiyear commitment with Broadcom will lead to the production of 15 billion US-made chips, thereby 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 US-based suppliers, and thanked President Donald Trump and the U...