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Apple to spend $30 billion in Broadcom chips deal that will see Colorado factory expand
Broadcom will expand its Fort Collins plant as the companies extend long-term contracts through 2031 for custom silicon and wireless components.
- On Wednesday, Apple announced a commitment of more than $30 billion to Broadcom through 2031 for custom silicon and wireless components, marking the largest investment under its American Manufacturing Program.
- Broadcom pledged $1.5 billion to upgrade its Fort Collins, Colorado plant, which will serve as a production hub for FBAR filters and wireless connectivity technologies under the long-term agreement.
- The deal builds on a long-standing supply relationship where Broadcom provides Apple with custom radio frequency chips, Wi-Fi, and Bluetooth semiconductors for iPhones, though Apple remains reliant despite developing its own C1 chip.
- Apple CEO Tim Cook said the partnership "further accelerates our commitment to American manufacturing," while Broadcom Chief Executive Hock Tan described the financial backing as enabling growth in Fort Collins.
- Broadcom's recent expansion into custom chip work, supported by $10.8 billion in AI chip revenue last quarter, positions the company to meet Apple's production demands across multiple hardware generations through 2031.
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The deal is part of Apple’s promise to invest $600,000 billion in the U.S. economy for four years
The multi-year compact, Apple’s largest manufacturing commitment to date, contemplates the production of more than 15 billion chips and an expansion of $1.5 billion at a Broadcom plant in Colorado.
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Coverage Details
Total News Sources81
Leaning Left7Leaning Right13Center23Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 16%
C 54%
R 30%
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