Broadcom and Apple extend technology cooperation to 2031 through new multi-year agreement.

Jinse Finance reports that Broadcom (AVGO.O) said the company and Apple (AAPL.O) have reached an agreement to extend their partnership until 2031, jointly developing and supplying a range of custom chips. Broadcom has long been a key component supplier to Apple, including custom radio-frequency chips for iPhones, Wi-Fi and Bluetooth connectivity chips, and other networking semiconductors. Apple is one of Broadcom’s largest customers. Analysts estimate that Apple accounts for a large share of Broadcom’s annual revenue, making it a key contributor to the chip company’s semiconductor business. (Jin Shi)
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