Apple and Broadcom Renew Long-Term Chip Supply Agreement Through 2031
Apple (AAPL) and Broadcom (AVGO) have renewed a long-term chip supply agreement through 2031, with Apple committing to purchase custom ASIC silicon products from Broadcom for multiple generations of its devices. The deal reinforces their ongoing collaboration since at least 2019 and reassures investors about continued investment in technology like AI and 5G.
