| Apple announced a new multibillion-dollar deal with Broadcom to build components for 5G and other wireless connectivity from U.S. factories. The exact value of the agreement was not revealed. It comes after Apple made a 2021 commitment to invest $430B in the U.S. economy over five years. - Apple
has extended its chip-supply agreement with Broadcom to develop 5G
radio frequency and other wireless-connectivity components, with
production taking place in U.S. factories, including in Fort Collins,
Colo.
- The components, including FBAR filters, will be different from the 5G modems supplied to Apple by Qualcomm.
- According to the WSJ, the agreement is anticipated to continue through 2026 and is projected to exceed a value of $15B.
- Broadcom
is already a chief supplier of wireless components to Apple, with about
20% of its revenue coming from the iPhone maker.
- The
move comes as Apple has been diversifying its supply chains away from
China by increasing production in countries like India, Vietnam, and the U.S.
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