Apple announces multibillion-dollar deal with Broadcom for U.S.-made components


Apple on Tuesday announced a multibillion-dollar deal to develop 5G radio frequency and wireless connectivity components in the United States.

The company said it is working with U.S.-based manufacturer Broadcom to develop the components, which will be designed and manufactured at several U.S. manufacturing and technology centers, including Fort Collins, Colorado, where Broadcom has a facility.

“All of Apple’s products rely on technology designed and manufactured in the United States, and we will continue to deepen our investments in the U.S. economy because of our unshakable faith in America’s future,” Apple CEO Tim Cook said in a statement. said in a press release.

The exact amount of the transaction was not disclosed.

effort is greater commitment apple

$430 billion will be invested in the economy by 2021 and 2026. Apple

It said it was on track to meet its goals following direct spending with U.S. suppliers, data center investments and capital expenditures.

In 2018, Apple initially pledged to spend $350 billion on new facilities and create 20,000 jobs, but later increased that figure to $430 billion, noting that it “substantially exceeded” its pledge.

The move also comes as Apple continues to bet on 5G technology. Apple brought 5G to the iPhone in 2020 and has since released other 5G-enabled devices, including the Apple Watch Series 7 and iPad Pro.

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