Apple announces a $30 billion multi-year chip deal with Broadcom, its largest US manufacturing commitment, with implications for semiconductors and tech

Apple and Broadcom have renewed a partnership that will see the two companies work together on delivering chip technology and products.

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

The roughly $30 billion agreement is expected to produce more than 15 billion U.S.-made chips through 2031.