India, July 8 -- Tech major Apple Inc. announced a new multi-year, over $30 billion worth deal with chipmaker Broadcom Inc. to produce more than 15 billion U.S.-made chips, aiming to accelerate manufacturing in the U.S.
In the pre-market hours on the Nasdaq, Apple is trading 0.15 percent lower at $310.20, while Broadcom is gaining 0.29 percent, trading at $371.84.
Earlier this week, Broadcom shares had climbed after announcing its decision to extend its long-term technology collaboration with Apple through 2031 to develop and supply a range of custom ASIC silicon products.
The iPhone maker now said the new agreement, extending their earlier partnership, will see Broadcom designing and producing custom silicon components and cutting-edge ...