Apple and Broadcom announced they have extended their partnership through 2031 to develop and supply custom chips, including wireless connectivity and AI-focused ASIC chips [1, 2, 3, 4, 5]. The expanded agreement is expected to exceed $30 billion and calls for manufacturing more than 15 billion chips in the United States [6, 2, 7, 8, 9, 10].

As part of the deal, Apple will invest $1.5 billion to help Broadcom expand and modernize its manufacturing facility in Fort Collins, Colorado [6, 2, 7, 8, 9, 10]. Apple CEO Tim Cook called the components built in Fort Collins "essential to delivering the incredible performance and connectivity our customers expect" and thanked the Trump administration for supporting the projects behind the deal [2].

Broadcom CEO Hock Tan said the company is "proud to continue to work with Apple after decades of success together" and emphasized their shared commitment to American innovation [2]. Broadcom has long been a key Apple supplier, providing custom RF chips and networking semiconductors critical for Wi-Fi, Bluetooth, and radio frequency functions [1, 11, 3, 4]. Despite Apple’s recent moves to design its own processors and cellular modem, it continues to rely on Broadcom for vital wireless connectivity components [1, 11, 3, 4].

The new deal also includes cooperation on ASIC chips, which play a role in AI, edge computing, data centers, and high-performance computing applications [5]. It marks Apple’s largest commitment to its American Manufacturing Program (AMP) to date, aimed at expanding domestic production across its supply chain [2, 8, 9]. This partnership supports hundreds of American jobs and forms a part of Apple’s broader $600 billion US investment plan over four years [6, 2, 8, 9].

The extension was announced publicly in early July 2026, with Broadcom revealing the partnership on July 6 and Apple providing detailed plans on July 8 [1, 6, 2, 11, 8, 9]. Broadcom’s shares rose nearly 4% in premarket trading on the July 6 announcement, while both Broadcom’s and Apple’s stock prices climbed in the days after [1, 12, 5].

Apple CEO Tim Cook is scheduled to step down on September 1, with John Ternus set to replace him while Cook remains executive chairman [6].