Apple-Broadcom announce $30B deal for custom U.S.-made chips

Summary

CNBC's MacKenzie Sigalos reports that Apple has expanded its partnership with Broadcom in a $30 billion deal for U.S.-made custom chips, including components for Wi-Fi, Bluetooth, and possibly AI server chips. Broadcom shares jumped 6% on the news, their biggest rally since February. The deal is part of Apple's larger $600 billion U.S. spending commitment and involves a $1.5 billion investment in Broadcom's Colorado facility.

• Apple and Broadcom announce a $30 billion, multi-year chip deal.
• Broadcom will produce more than 15 billion U.S.-made chips for Apple at its Colorado site.
• The deal covers custom silicon for multiple generations of Apple devices, focused on Wi-Fi and Bluetooth connectivity.
• Bloomberg reports part of the work may be tied to Apple’s first dedicated AI server chip.
• Broadcom shares rallied 6%, their sharpest gain since February.
• The agreement is part of Apple’s previously pledged $600 billion in U.S. spending, with $1.5 billion going directly into Broadcom’s Fort Collins facility.