Apple to Spend $30 Billion in New Broadcom Deal

<p><strong><span class&equals;"pagebody-location">CUPERTINO &&num;8212&semi; <&sol;span><&sol;strong>Apple has announced a new multiyear deal with Broadcom to design and produce custom silicon components and cutting-edge wireless connectivity technologies for a wide range of Apple products&period; The new agreement&comma; expected to exceed &dollar;30 billion&comma; will lead to the production of more than 15 billion U&period;S&period;-made chips and support hundreds of American jobs&period; <&sol;p>&NewLine;<p>These investments are part of Apple’s commitment to invest &dollar;600 billion in the U&period;S&period; economy over four years&comma; supporting manufacturing&comma; job creation&comma; and technology development across the country&period; Apple has been working with the administration and businesses across the U&period;S&period; to help create an end-to-end silicon supply chain in America<&sol;p>&NewLine;<p>Broadcom is part of Apple’s American Manufacturing Program &lpar;AMP&rpar;&comma; launched last year to accelerate manufacturing in the U&period;S&period; This new agreement&comma; which marks Apple’s largest AMP commitment to date&comma; will enable Broadcom to expand and modernize its manufacturing facilities in Fort Collins&comma; Colorado&comma; with a &dollar;1&period;5 billion capital expenditure investment&period; Broadcom will produce advanced radio frequency components — including FBAR filters — and advanced wireless connectivity technologies at the Fort Collins facility&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Apple and Broadcom have a long history together&comma; and this new phase of our partnership further accelerates our commitment to American manufacturing and innovation&comma;” said Tim Cook&comma; Apple’s CEO&period; &OpenCurlyDoubleQuote;The cutting-edge components built in Fort Collins are essential to delivering the incredible performance and connectivity our customers expect&comma; and we’re proud to deepen our investments in U&period;S&period;-based suppliers that share our commitment to excellence and innovation&period; We’re grateful to the president and his administration for supporting important projects like this one&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Broadcom is proud to continue to work with Apple after decades of success together&comma; and we share a strong commitment to American innovation&comma;” said Hock Tan&comma; Broadcom’s president and CEO&period; &OpenCurlyDoubleQuote;With Apple’s newest commitment&comma; we’re pleased to expand our manufacturing footprint in Fort Collins&comma; where we create groundbreaking technology that connects people around the world&period;”<&sol;p><&sol;div>&NewLine;<div class&equals;"pagebody-copy">&NewLine;