Broadcom extends its custom chip supply deal with Apple through 2031, securing ~20% of annual revenue and intensifying competition for semiconductor

Broadcom expands AI chip customer base to six hyperscalers, signs Google deal through 2031, and targets 60% of the custom AI ASIC market by 2027.

July 6 : Broadcom said on Monday it has agreed to expand its partnership with Apple through 2031 to develop and supply a range of custom chips, sending the shares of the chipmaker…

Broadcom has been a supplying key components to Apple for a very long time, including custom radio frequency chips used in iPhones, Wi-Fi and Bluetooth connectivity chips and…