Taimur Asad·

Apple And Broadcom Sign Multibillion-Dollar Deal

Apple today has announced a new multibillion dollar deal with Broadcom which will see two companies collaborate on building new 5G components in the United States.

Apple’s agreement with Broadcom coincides with its ongoing efforts to enhance its proprietary technology in areas like Bluetooth and Wi-Fi components. By doing so, Apple aims to decrease its dependence on external suppliers like Broadcom. Notably, Apple is said to be working on a dual-function Wi-Fi and Bluetooth chip, which might be introduced as early as 2025.

In the press release, Apple announced the following:

“We’re thrilled to make commitments that harness the ingenuity, creativity, and innovative spirit of American manufacturing,” said Tim Cook, Apple’s CEO. “All of Apple’s products depend on technology engineered and built here in the United States, and we’ll continue to deepen our investments in the U.S. economy because we have an unshakable belief in America’s future.”

These investments align with Apple’s 2021 pledge to invest $430 billion in the U.S. economy within a five-year timeframe. Apple confirmed that it is progressing as planned to achieve this objective by engaging in direct expenditures with American suppliers, constructing data centers, making capital investments, and undertaking various other initiatives.

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