Broadcom, Apple extend chip supply deal through 2031
The extension keeps Apple reliant on Broadcom for radio frequency and wireless chips as Apple works to expand its own modem lineup.
- On Monday, Broadcom agreed to expand its partnership with Apple through 2031 to develop and supply custom chips, sending Broadcom shares up nearly 4% in premarket trading.
- Apple accounts for about 20% of Broadcom's annual revenue, relying on the firm for key wireless connectivity and radio frequency components that reinforce its multi-year supply strategy.
- Advanced Micro Devices stock rose 10% and Intel shares gained 5% alongside the announcement, though analysts warn the sector remains volatile following last week's slide.
- Broadcom CEO Hock Tan projects AI semiconductor revenue will hit $16 billion in the third quarter, representing growth of over 200 percent year-over-year.
- Cantor Fitzgerald lifted its Broadcom target to $700 while Wells Fargo raised its AMD price target to $615, though analysts caution valuations appear stretched after the sector's substantial gains.
29 Articles
29 Articles
Apple, Broadcom Extend Chip Deal to 2031
Broadcom will provide new custom chips to Apple in an expanded partnership that now runs through 2031. The companies will partner on ASIC silicon, which will be found in “multiple generations of Apple products,” according to a Broadcom filing. Bloomberg's Consumer Tech and Apple Managing Editor Mark Gurman joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
Broadcom announced on Monday (6) that it agreed to expand its partnership with Apple until 2031 to develop and provide custom chips, easing concerns about iPhone producer's dependence on the chip maker. The chip maker has been providing essential components to Apple for a long time, including radio frequency chips used on iPhones for connection to mobile networks, wi-fi and bluetooth connectivity chips and other network semiconductors. Apple is …
Apple and Broadcom Renew Chip Partnership Through 2031; Here's How It Could Impact Future iPhones | 📲 LatestLY
Broadcom has agreed to extend its custom chip partnership with Apple until 2031. The deal ensures the continued supply of radio frequency and connectivity components for Apple’s devices, helping the tech giant manage supply chain stability amidst rising component costs and high demand for AI hardware. 📲 Apple and Broadcom Renew Chip Partnership Through 2031; Here's How It Could Impact Future iPhones.
Broadcom extends its Apple chip work through 2031 in a fresh custom-silicon deal
Broadcom has extended its long-running relationship with Apple through 2031, signing new multi-year agreements to design and supply a range of custom chips for the iPhone maker. The deal deepens one of the most important supplier relationships in consumer electronics, and it sent Broadcom’s shares up around 4% as investors read it as a guarantee […] This story continues at The Next Web
Roundup: Broadcom-Apple deal / Back-to-school shopping / Ebola
Partnership extended: Broadcom has extended its chip supply agreement with Apple through 2031, continuing to provide key wireless and radio-frequency components used in Apple devices. Apple remains a major customer, accounting for roughly 20% of Broadcom’s revenue, even as it develops more of its own chip technology. The deal reinforces their long-term partnership amid rising demand for advanced chips driven by AI and mobile devices. Bloomberg h…
Broadcom Rallies 6% on a Broadened Apple Partnership as AMD Gains 10%, Intel Rises 5%
Shares of Broadcom (NASDAQ:AVGO) are up 6% to $381 in early Monday trading after the company said it agreed to expand its custom-chip partnership with Apple (NASDAQ:AAPL) through 2031. The news is fueling a broad semiconductor rebound after last week’s pullback. Advanced Micro Devices (NASDAQ:AMD) stock is up 10% to $568, and Intel (NASDAQ:INTC) stock ... Broadcom Rallies 6% on a Broadened Apple Partnership as AMD Gains 10%, Intel Rises 5%
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