Apple Signs Over $30 Bln Worth Chip Deal With Broadcom To Boost U.S. Manufacturing

Apple announced a new multi-year deal worth over $30B with Broadcom to produce more than 15B U.S.-made chips, aiming to accelerate domestic manufacturing. The scale of the commitment supports incremental supply-chain capacity in the U.S. and is likely to be credit-positive for execution prospects for both partners.

Analysis

Apple announced a new multi-year deal worth over $30B with Broadcom to produce more than 15B U.S.-made chips, aiming to accelerate domestic manufacturing. The scale of the commitment supports incremental supply-chain capacity in the U.S. and is likely to be credit-positive for execution prospects for both partners.