Broadcom said it has agreed with Apple to extend their chip partnership through 2031 to co-develop and supply a range of custom chips.
Broadcom has long been a key supplier to Apple, providing custom RF components for iPhone, Wi‑Fi and Bluetooth connectivity chips and other networking semiconductors.
Analysts estimate Apple accounts for a large share of Broadcom’s annual revenue and is a core contributor to its semiconductor business.
Broadcom's pre-market stock price surged.
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