Apple’s $30b Broadcom deal returns iPhone chip manufacture to US
We heard about Apple’s renewed partnership with Broadcom earlier this week, but it seems there’s a lot more to the arrangement. In a press release this morning, Apple announced the deal, confirmed plans to expand a facility in Fort Collins, Colorado to design and produce custom silicon components and cutting-edge wireless connectivity technologies for a wide range of Apple products.
The new agreement, expected to exceed $30 billion, means Broadcom will manufacture over 15 billion chips in the US, supporting hundreds of jobs and expanding its facilities, with a $1.5 billion capital expenditure investment. The company will produce advanced radio frequency components, such as FBAR filters, and advanced wireless connectivity technologies.
“Apple and Broadcom have a long history together, and this new phase of our partnership further accelerates our commitment to American manufacturing and innovation,” said Tim Cook, Apple’s CEO.
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Broadcom is part of Apple’s American Manufacturing Program (AMP), launched last year to accelerate manufacturing in the U.S., and this is the largest AMP commitment yet.
Cook said: “The cutting-edge components built in Fort Collins are essential to delivering the incredible performance and connectivity our customers expect, and we’re proud to deepen our investments in U.S.-based suppliers that share our commitment to excellence and innovation. We’re grateful to the president and his administration for supporting important projects like this one.”
“Broadcom is proud to continue to work with Apple after decades of success together, and we share a strong commitment to American innovation,” said Hock Tan, Broadcom’s president and CEO. “With Apple’s newest commitment, we’re pleased to expand our manufacturing footprint in Fort Collins, where we create groundbreaking technology that connects people around the world.”
The release claims has been working with the administration and businesses across the U.S. to help build and end-to-end silicon supply chain in America.
These investments are part of Apple’s commitment to invest $600 billion in the U.S. economy over four years, supporting manufacturing, job creation, and technology development across the country.
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