Apple (AAPL) signs a new Broadcom (AVGO) agreement, expected to exceed USD 30bln. Agreement is to design and produce custom silicon components and cutting-edge wireless connectivity technologies for a wide range of Apple products.
- "...will lead to the production of more than 15 billion U.S.-made chips and support hundreds of American jobs"
- Deal will "enable Broadcom to expand and modernize its manufacturing facilities in Fort Collins, Colorado, with a USD 1.5bln capital expenditure investment."
- "These investments are part of Apple’s commitment to invest $600 billion in the U.S. economy over four years, supporting manufacturing, job creation, and technology development across the country."
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