Apple commits $30 billion to Broadcom for U.S. chipmaking push

Apple announced a multi-year agreement with Broadcom exceeding $30 billion, representing the iPhone maker's largest U.S. manufacturing commitment on record. The deal expands an existing chipmaking partnership between AAPL and AVGO focused on domestic semiconductor production.

The $30 billion-plus commitment comes as Apple deepens its supply chain investments in American manufacturing. Broadcom will supply components under the expanded partnership, though the agreement's exact duration was not disclosed. The deal underscores Apple's strategy to secure critical chip supply while addressing supply chain vulnerabilities exposed in recent years.

For AVGO, the agreement provides multi-year revenue visibility and reinforces its position as a key Apple supplier. The chipmaker's shares stand to benefit from the guaranteed order flow spanning multiple product cycles. Apple's commitment also signals continued heavy capital allocation toward hardware development and manufacturing partnerships rather than share buybacks or M&A.