Apple, Broadcom Sign $15 Billion Chip-Supply Deal

Enterprise & IT Jan 23,2020 0

Broadcom has signed new agreements to provide components for Apple devices released through the middle of 2023.

The chipmaker said it entered into two multiyear pacts “for the supply of a range of specified high-performance wireless components and modules to Apple for use in its products.” That’s in addition to another similar agreement that Broadcom reached with Apple in 2019. The three deals could generate about $15 billion in future revenue, Broadcom added.

Broadcom has been providing to Apple radio-frequency chips that let iPhones, iPads and Apple Watches connect to cellular data networks. Broadcom has also supplied other components to Apple, including chips for connecting devices to Wi-Fi networks.

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