Apple Strikes Multibillion-Dollar Supply Deal With Broadcom
23 Maggio 2023 - 03:47PM
Dow Jones News
By Will Feuer
Apple said it has struck a multiyear, multibillion-dollar deal
with chip and network equipment maker Broadcom for components that
will be made in the U.S.
As part of the deal, Broadcom will supply Apple with 5G radio
frequency components and wireless connectivity components, Apple
said. The 5G radio frequency components will be built in several
manufacturing hubs around the U.S., including in Fort Collins,
Colo.
"We'll continue to deepen our investments in the U.S. economy
because we have an unshakable belief in America's future," Apple
Chief Executive Tim Cook said.
In a securities filing, Broadcom said it has entered into two
multiyear statements of work with Apple.
Shares of Broadcom rose 3% to $698.60 in premarket trading.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
May 23, 2023 09:32 ET (13:32 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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