Apple invests over $30 billion to deepen its partnership with Broadcom and expand its domestic chip manufacturing operations in the United States.
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Apple to increase spending on its partnership with Broadcom; deal expected to exceed $30 billion.
According to Mars Finance, Apple will increase its spending on its partnership with Broadcom, an agreement expected to exceed $30 billion and produce more than 15 billion U.S.-made chips. (Cailian Press)
Broadcom and Apple extend their custom chip partnership until 2031
PANews reported on July 6th that, according to Bloomberg, Broadcom and Apple have extended their custom chip supply and development partnership until 2031. Building on their existing collaboration on radio frequency and wireless connectivity chips, the two companies will continue their long-term research and development and supply of dedicated chips for products such as the iPhone. The products covered by the agreement will primarily be designed and manufactured in the United States, involving multi-billion dollar long-term procurement commitments.
Broadcom will develop custom ASIC chips for Apple and has agreed to expand its technology collaboration to 2031.
Broadcom filed a document with the U.S. Securities and Exchange Commission on July 6, announcing a multi-year agreement with Apple to extend their long-standing technology partnership into 2031. Under the agreement, Broadcom will develop and supply a range of custom ASIC chips for multiple generations of Apple products. (Jiemian)
Nvidia Invests $3.5 Billion in MediaTek to Expand Beyond GPUs
The deal, part of MediaTek's record $3.9 billion bond offering, ties Nvidia's chip ecosystem to a Taiwanese rival building its own AI accelerator business.
US infrastructure company MasTec invests another $1.65 billion to strengthen its data center electrical footprint.
Mars Finance reports that US infrastructure engineering and construction company MasTec announced on Tuesday that it will acquire electrical contractor The Superior Group for approximately $1.65 billion to enhance its electrical service capabilities in the rapidly expanding data center infrastructure market. The transaction, conducted in cash and stock, is expected to close in mid-to-late July. (Cailian Press)
Broadcom shares rose more than 4% in pre-market trading after the company extended its technology collaboration with Apple to 2031 through a new multi-year agreement.
According to BlockBeats, on July 6th, citing SEC filings, Broadcom (AVGO.O) and Apple (AAPL.O) have extended their technology collaboration to 2031 through a new multi-year agreement. Broadcom will develop and supply a range of custom ASIC silicon products for use in the manufacture of multiple generations of Apple products. Possibly influenced by this positive news, Broadcom's US-listed shares rose in pre-market trading, currently up over 4%.