Broadcom, Apple extend chip partnership through 2031
Broadcom and Apple have extended their partnership for custom ASIC chip supply through 2031.
📍 Where it landed
Apple and Broadcom expanded their partnership through 2031 for the supply of custom ASIC chips. The deal suggested that Apple's switch of radio chips would likely take five more years.
Broadcom's stock rallied following the announcement.
Epilogue added 43d ago, after coverage quieted.
The reporting (8)
- Apple radio chips switch likely to take five more years, suggests Broadcom deal 9to5Mac · 45d ago
- Broadcom Rallies 6% on a Broadened Apple Partnership as AMD Gains 10%, Intel Rises 5% 24/7 Wall St. · 45d ago
- Broadcom, Apple Expand Partnership to 2031 With Custom Chips Yahoo Finance · 45d ago
- Broadcom gains after landing five-year deal with Apple to provide custom ASIC chips Seeking Alpha · 45d ago
- Apple and Broadcom extend custom chip supply deal through 2031 qz.com · 45d ago
- AVGO Stock Is Rising Today Yahoo Finance · 45d ago
- Broadcom Expands Work for Apple, Supplying Products Through 2031 Bloomberg.com · 45d ago
- Broadcom, Apple extend chip partnership through 2031 Reuters · 45d ago broke it first
Where it stands
Apple and Broadcom have entered into a five-year agreement for the provision of custom ASIC chips. This deal extends the existing supply partnership between the two companies through the year 2031.
Coverage from Reuters, Bloomberg, and qz.com emphasizes the expanded nature of the work Broadcom will perform for Apple. Seeking Alpha and Yahoo Finance report that Broadcom's stock (AVGO) has risen following the announcement.
Future developments will center on the execution of this custom chip supply deal over the next five years.
Synthesized by Newsylist from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 45d ago.
Answered
How long is the new agreement between Apple and Broadcom?
The deal is a five-year agreement.
What specifically is Broadcom providing to Apple?
Broadcom is providing custom ASIC chips.
How has the market reacted to this news?
According to Yahoo Finance and Seeking Alpha, Broadcom's stock price is rising.
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