Apple expands Broadcom deal worth over $30 billion to make U.S.-based chips through 2031

Apple (AAPL.O) plans to spend more than $30 ​billion under a multi-year chip supply deal with Broadcom, bolstering ‌its US sourcing as President Donald Trump’s administration pushes to expand domestic chip manufacturing. Broadcom shares rose more than 4 per cent, while Apple shares were ​down marginally. Apple said this week that the deal, which ​was […]

Apple under outgoing CEO Tim Cook has faced sustained pressure from U.S. President Donald Trump

New Delhi: Apple has significantly expanded its partnership with Broadcom through a new multi-year agreement worth more than $30 billion, marking the company's largest manufacturing commitment in the United States and reinforcing its broader strategy to strengthen domestic semiconductor production. THE TRUMP EFFECT! U.S. manufacturing is back pic.twitter.com/i4YkKPljUe— The White House (@WhiteHouse) July 8, 2026 The agreement, which extends through 2031, is expected to support the production of more than 15 billion chips in the US.We’re proud to expand our work with Broadcom with a new agreement to produce billions more chips in the US! It's our largest ever American Manufacturing Program commitment and an important step in our work to build an end-to-end silicon supply chain in the US.— Tim Cook (@tim_cook) July 8, 2026 As part of the deal, Broadcom will invest $1.5 billion to expand its manufacturing facility in Fort Collins, Colorado, although neither company disclosed when the additional production capacity would become operational.The expanded partnership builds on Broadcom's long-standing role as a supplier of wireless connectivity components for Apple.Under the new agreement, Broadcom will manufacture custom silicon in the United States, including wireless connectivity components that power Bluetooth, Wi-Fi and cellular connectivity across multiple generations of Apple devices.Rudra Innotec's Award: How They're Redefining Tech Leadership Earlier this week, Broadcom disclosed in a filing with the US Securities and Exchange Commission that it had signed new long-term agreements with Apple to develop and supply custom application-specific integrated circuit (ASIC) silicon products through 2031.These custom chips will support future generations of Apple products and are expected to play an increasingly important role as ASICs become more widely used for artificial intelligence workloads.Apple Chief Executive Officer Tim Cook described the agreement as the company's largest commitment under its American Manufacturing Program (AMP), highlighting its significance in expanding domestic manufacturing capabilities.Meta To Invest $9.1 Billion In Canada's First AI Data Centre, Largest Outside The US, In Major Global Expansion The announcement also represents the largest component of Apple's $600 billion, four-year US investment plan unveiled in 2025, which aims to strengthen the country's end-to-end silicon supply chain.In a statement, Apple said it has been working with the US administration and businesses across the country to help build a comprehensive domestic silicon ecosystem, adding that the latest agreement advances those efforts.Cook also praised President Donald Trump and his administration for supporting American manufacturing initiatives, saying the components to be produced at Broadcom's Fort Collins facility are essential to delivering the performance and connectivity that Apple customers expect across its devices.(Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)