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Market Impact: 0.25

Apple Inks New Multi-Year Deal Worth Over $30 Bln With Broadcom

Technology & InnovationCompany FundamentalsM&A & Restructuring

Apple announced a new multi-year deal with Broadcom to design and produce custom silicon and advanced wireless connectivity technologies for a broad range of Apple products. The announcement is modestly positive for both companies’ product roadmap visibility, though no financial terms or near-term guidance changes were disclosed.

Analysis

Apple announced a new multi-year deal with Broadcom to design and produce custom silicon and advanced wireless connectivity technologies for a broad range of Apple products. The announcement is modestly positive for both companies’ product roadmap visibility, though no financial terms or near-term guidance changes were disclosed.

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mildly positive

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