Apple Inc on Tuesday said it has entered a multi-billion-dollar deal with chipmaker Broadcom Inc to use chips made in the United States.
Under the multi-year deal, Broadcom will develop 5G radio frequency components with Apple that will be designed and built in several U.S. facilities, including Fort Collins, Colorado, where Broadcom has a major factory, Apple said.
Apple has been steadily diversifying its supply chains, building more products in India and Vietnam and saying that it will source chips from a new Taiwan Semiconductor Manufacturing CoThe two companies did not disclose the size of the deal, with Broadcom saying only that the new agreements require it to allocate Apple "sufficient manufacturing capacity and other resources to make these products.
"It's good that it removes that overhang," Rasgon said. "Broadcom has existed over the years with a number of these long-term agreements with Apple. Sometimes they have them and sometimes they don't."
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