Apple seals $30B Broadcom pact to mass-produce US-made chips as Cook winds down
Tim Cook announced a multi-year, over-$30 billion deal with Broadcom to produce more than 15 billion US-made chips through 2031, expanding Broadcom’s Fort Collins, Colorado facility and reinforcing domestic chip supply as Apple leans into its American Manufacturing Program amid rising memory costs and iPhone supply constraints. Cook, who will step down on Sept. 1, 2026 to become executive chairman, hands the reins to John Ternus, signaling a shift toward securing critical wireless silicon for Apple’s devices and future AI-driven chips.
