Broadcom and Apple Reach Agreement Extending Chip Partnership Through 2031

Odaily reported that Broadcom (AVGO.O) has announced a deal with Apple (AAPL.O) to extend their partnership until 2031, jointly developing and supplying a range of custom chips. Broadcom has long been a key component supplier for Apple, including custom radio frequency chips for the iPhone, Wi-Fi and Bluetooth connectivity chips, and other networking semiconductors. Apple is one of Broadcom's largest customers. Analysts estimate that Apple accounts for a significant portion of Broadcom's annual revenue and is a key contributor to the chip company's semiconductor business. (Jinshi Data)