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00:02Apple said it is expanding its partnership with Broadcom in a multi-year deal expected to exceed
00:07$30 billion, marking its largest U.S. manufacturing commitment to date, according to CNBC.
00:13The agreement will lead to production of more than 15 billion U.S.-made chips and includes a
00:18$1.5 billion expansion of Broadcom's Fort Collins, Colorado facility. Apple said Broadcom will make
00:24wireless components that help devices connect to cellular, Wi-Fi, and Bluetooth networks.
00:30Broadcom said in an SEC filing that it entered long-term agreements with Apple to develop and
00:35supply custom ASIC silicon products for multiple generations of Apple products through 2031.
00:43Apple said the deal advances its push to build an end-to-end silicon supply chain in America.
00:48CEO Tim Cook said the Fort Collins components are important to Apple device performance and
00:53connectivity. He credited Trump's administration for supporting the project.
00:58For all things money, visit Benzinga.com.
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