Apple Inc. has announced a multiyear deal with Broadcom Inc. worth more than $30 billion to design and produce custom wireless connectivity chips for Apple products. This expanded agreement represents Apple's largest commitment to U.S. manufacturing to date.
Under the terms of the agreement, more than 15 billion chips will be manufactured on U.S. soil. The scale of this production is a central part of the deal and is intended to support domestic manufacturing.
The partnership is the latest part of Apple's domestic investment pledge. By increasing spending on U.S.-made components, the company is following through on its commitment to boost spending within the United States.