Tuesday, May 23, 2023

Apple -- Broadcom -- May 23, 2023

Locator: 44732SC. 

Chips, semiconductor: link here.

Link here. The deal:

  • Apple iss extending its existing chip-supply agreement with Broadcom
  • multi-year deal; was set to expire this year
  • as part of the deal that Apple and Broadcom disclosed Tuesday, the chip maker will supply Apple with 5G radio-frequency components and wireless-connectivity components. The companies didn’t disclose the exact value of the deal.
  • several manufacturing hubs, including Fort Collins, Colorado
  • analysts: deal likely to run through 2026; worth in excess of $15 billion;
  • Apple makes up 20% of Broadcom's revenue.
  • noticeably missing from the article: any mention of the Biden-backed IRA

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