As had been expected, Apple today officially announced a new multiyear partnership with Broadcom to design and produce custom silicon components and wireless connectivity technologies for a wide range of Apple products. Earlier this week, we reported that the duo’s partnership had been extended.
The new agreement is said to be worth over $30 billion and will result in the manufacturing of more than 15 billion U.S. chips, supporting “hundreds” of American jobs.
“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. “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.”
As a member Apple’s American Manufacturing Program (AMP), an initiative launched last year to boost U.S. manufacturing, Broadcom will invest $1.5 billion to expand and modernize its manufacturing facility in Fort Collins, Colorado, where it will produce advanced radio frequency components, including FBAR filters, as well as wireless connectivity technologies.
“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.”
Broadcom manufactures chips covering custom radio frequency components, Wi-Fi and Bluetooth connectivity, and other networking components used throughout Apple’s lineup of devices.
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.