Apple and Broadcom's Multi-billion-dollar Chip Deal in the U.S.
Via TIME
Summary
Apple announced a multibillion-dollar agreement with U.S. chipmaker Broadcom in May 2023 to develop and manufacture 5G radio frequency and wireless connectivity components on American soil. The deal was part of Apple's broader 2021 commitment to invest $430 billion in the U.S. economy over five years and represented a continued push to reduce reliance on overseas semiconductor manufacturing.
Under the multi-year arrangement, Broadcom — already one of Apple's largest chip suppliers — would expand its work designing and producing wireless components at facilities across the United States, including a major site in Fort Collins, Colorado. The partnership aligned with the broader national push to rebuild domestic semiconductor capacity, accelerated by the CHIPS and Science Act passed in 2022.
