Broadcom ($AVGO) announced an expanded agreement with Apple ($AAPL) to develop custom ASIC chips through 2031. The chips will power multiple generations of Apple products, extending a long-standing partnership as Apple expands its AI infrastructure while continuing to rely on Broadcom for key networking and wireless technologies.
- Broadcom signed a new multi-year agreement with Apple running through 2031.
- The companies will develop custom ASIC chips for multiple future Apple products.
- Apple continues to source networking and cellular-related components from Broadcom despite increasing use of its own in-house chips.
- Custom silicon is expected to support Apple's next-generation AI server infrastructure and Apple Intelligence services.
- Apple accounts for roughly 20% of Broadcom's annual revenue, according to analyst estimates.
Relevant Companies
- Broadcom ($AVGO) – Secured a long-term custom chip supply agreement with one of its largest customers through 2031.
- Apple ($AAPL) – Will use Broadcom-designed ASICs across future products as it expands its AI infrastructure.
- Taiwan Semiconductor Manufacturing ($TSM) – As a leading foundry for advanced custom chips, TSMC could benefit from increased production tied to future Apple and Broadcom silicon.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
