India, July 8 -- Apple has announced a new multi-year partnership with Broadcom to design and manufacture custom silicon components and advanced wireless technologies in the United States, according to Apple's official statement. Under this new agreement, Apple said it will spend more than $30 billion as part of the partnership.

Apple said the investment will help produce more than 15 billion chips made in the U.S. over the coming years. The company said this production will also support hundreds of American jobs. Apple said the deal is part of its effort to build a complete U.S.-based chip supply chain, from designing chips to manufacturing them in America.

Apple said it has been working with the U.S. administration and American busine...