Broadcom and Apple extend 2031 chip-supply pact
Broadcom said it will extend its partnership with Apple through 2031 to design and supply custom chips, strengthening Apple’s access to wireless and RF components and boosting supply-chain resilience; Apple accounts for about 20% of Broadcom’s revenue, and the deal builds on a 2023 multibillion-dollar agreement for 5G radio-frequency components amid growing demand for advanced chips.