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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