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Dive Brief:

Apple on Wednesday announced a new multiyear commitment with Broadcom to design and produce custom silicon components and wireless connectivity technologies for a wide range of Apple products.

The agreement is expected to exceed $30 billion and will lead to the production of more than 15 billion U.S.-made chips and support hundreds of American jobs, Apple said in a news release.

Apple said the agreement is part of its efforts to work with the Trump administration and U.S. businesses to “help create an end-to-end silicon supply chain in America.”