Broadcom and Apple announced on July 6, 2026 that they’ve extended their chip supply agreement, locking in a multi-year commitment for custom ASIC silicon products that power everything from iPhones to networking hardware. Broadcom shares jumped roughly 4% in premarket trading on the news.
What the deal actually covers
This isn’t a fresh relationship. The new agreement covers custom radio frequency chips for iPhones, Wi-Fi and Bluetooth connectivity chips, networking semiconductors, and other custom ASIC products.
The extension builds on a multibillion-dollar deal the two companies struck in 2023. That earlier agreement focused specifically on 5G radio frequency components manufactured in the US. By pushing the timeline to 2031, both companies are reinforcing their partnership. For Broadcom, it means guaranteed demand from one of the planet’s most valuable companies. For Apple, it means securing critical components amid ongoing supply chain uncertainty.
What this means for investors
