Apple commits over $30 billion to Broadcom to produce billions more US chips
New Delhi, July 8 -- Apple said on Wednesday it is expanding its partnership with chipmaker Broadcom through a multi-year agreement expected to exceed $30 billion, marking the iPhone maker's largest US manufacturing commitment to date.
The deal will lead to the production of more than 15 billion US-made chips and includes a $1.5 billion expansion of Broadcom's facility in Fort Collins, Colorado. However, Apple did not yet provide a timeline for when the new manufacturing capacity will come online.
"The new agreement, expected to exceed $30 billion, will lead to the production of more than 15 billion U.S.-made chips and support hundreds of American jobs," Apple said in a press release.
Broadcom has long supplied Apple with connectivity ...
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