Key facts
- Apple will spend over $30 billion on a chip supply agreement with Broadcom.
- The deal is set to run through 2031.
- Broadcom will expand a factory in Fort Collins, Colorado, investing $1.5 billion.
- The agreement involves FBAR filters for wireless communication in Apple devices.
- At least 15 billion chips will be produced under the agreement.
Apple plans to spend more than $30 billion on a chip supply agreement with Broadcom, a deal that will also lead to the expansion of Broadcom's factory in Fort Collins, Colorado. The agreement, secured earlier this week and running through 2031, involves radiofrequency chips known as FBAR filters, which are crucial for wireless communication in Apple devices. Broadcom will invest $1.5 billion in the Colorado facility expansion, and the partnership is expected to result in the production of at least 15 billion chips. Apple stated that this collaboration is part of its broader effort to increase U.S.-based sourcing for its components, aligning with initiatives supported by the Trump administration. Apple CEO Tim Cook highlighted the importance of the components manufactured in Fort Collins for delivering performance and connectivity, expressing pride in deepening investments with U.S. suppliers.