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HomeBusinessApple announces multibillion-dollar deal with Broadcom for U.S.-made chips

Balanced News: Apple announces multibillion-dollar deal with Broadcom for U.S.-made chips

Our 'quick read' news summary

Apple has announced a multibillion-dollar deal with Broadcom to develop 5G radio frequency components in the US. The components developed by Broadcom will include FBAR filters and other wireless connectivity components and are different from the 5G modems made by Qualcomm. The deal is part of Apple’s 2021 commitment to invest $430bn in the US economy. The move marks the latest phase of a partnership between the two companies, as Broadcom announced it would sell $15bn in wireless components to Apple in 2020.

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