Broadcom Stock Climbs on Report of Apple Chip Deal Extension to 2031 - Rivian Automotive (NASDAQ:RIVN)

Broadcom, Apple extend chip supply deal through 2031

Broadcom extended its deal with Apple through 2031 for RF and wireless chips; Apple represents 20% of Broadcom's revenue. The agreement secures supply chain resilience as custom processors become essential for AI inference workloads.