Broadcom ($AVGO) announced an expanded agreement with Apple ($AAPL) to develop custom ASIC chips through 2031. The chips will power multiple generations of Apple products, extending a long-standing partnership as Apple expands its AI infrastructure while continuing to rely on Broadcom for key networking and wireless technologies.
- Broadcom signed a new multi-year agreement with Apple running through 2031.
- The companies will develop custom ASIC chips for multiple future Apple products.
- Apple continues to source networking and cellular-related components from Broadcom despite increasing use of its own in-house chips.
- Custom silicon is expected to support Apple's next-generation AI server infrastructure and Apple Intelligence services.
- Apple accounts for roughly 20% of Broadcom's annual revenue, according to analyst estimates.
Relevant Companies
- Broadcom ($AVGO) – Secured a long-term custom chip supply agreement with one of its largest customers through 2031.
- Apple ($AAPL) – Will use Broadcom-designed ASICs across future products as it expands its AI infrastructure.
- Taiwan Semiconductor Manufacturing ($TSM) – As a leading foundry for advanced custom chips, TSMC could benefit from increased production tied to future Apple and Broadcom silicon.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
/AI%20(artificial%20intelligence)/Ai%20chip%20by%20Quality%20Stock%20Arts%20via%20Shutterstock.jpg)
/A%20Palantir%20office%20building%20in%20Tokyo_%20Image%20by%20Hiroshi-Mori-Stock%20via%20Shutterstock_.jpg)