Apple and Broadcom have finalized a major chip-supply agreement worth more than $30 billion, with both companies confirming the details on Wednesday.
Broadcom first announced Monday that it had locked in a long-term supply contract with the iPhone maker, set to run through 2031. Apple followed up Wednesday with specifics, revealing the deal centers on a type of radiofrequency component known as FBAR filters — specialized chips that allow Apple devices to connect wirelessly. The two companies have reportedly been collaborating on this technology since at least 2023.
Under the terms of the agreement, Broadcom will invest $1.5 billion to expand its manufacturing facility located in Fort Collins, Colorado. Apple noted the deal is expected to result in the production of at least 15 billion chips total, and that it fits into the company’s ongoing effort to increase domestic chip sourcing in line with priorities set by President Donald Trump’s administration.
Apple CEO Tim Cook issued a statement praising the partnership: “The cutting-edge components built in Fort Collins are essential to delivering the incredible performance and connectivity our customers expect, and we’re proud to deepen our investments in U.S.-based suppliers that share our commitment to excellence and innovation.”
Cook also extended thanks to the White House, adding, “We’re grateful to the president and his administration for supporting important projects like this.”
