Apple and Broadcom Renew Chip Supply Agreement Until 2031
WHO:
Techmeme - Broadcom and Apple are the companies involved in the partnership.
Yahoo Finance - Apple accounts for about 20% of Broadcom's annual revenue.
WHAT:
Bloomberg - The partnership between Apple and Broadcom is expected to last for multiple generations of Apple products.
Bloomberg - Apple remains Broadcom's biggest growth driver and revenue source.
Techmeme - Broadcom has agreed to expand its partnership with Apple to develop and supply custom chips through 2031.
Yahoo Finance - The partnership aims to ease concerns over Apple's reliance on Broadcom for chip supply.
Yahoo Finance - Broadcom's shares jumped nearly 4% in premarket trading following the announcement.
Yahoo Finance - The companies announced a multibillion-dollar agreement in 2023 for Broadcom to develop and manufacture 5G radio frequency components.
WHERE:
Yahoo Finance - Apple relies on Taiwan's TSMC, the world's largest contract chipmaker, for its in-house processors.
WHEN:
Yahoo Finance - The partnership is set to last until 2031.
Yahoo Finance - The multibillion-dollar agreement was announced in 2023.
Yahoo Finance - Analysts have indicated that volume production with Intel is unlikely before late 2027.
WHY:
Yahoo Finance - The extended partnership reinforces Apple's strategy of locking in long-term supply agreements to bolster its supply chain resilience.
Yahoo Finance - Apple was forced to raise prices of its MacBooks and iPads due to memory chip costs surging as much as 98% in early 2026, driven by AI datacenter demand.
HOW:
Yahoo Finance - Apple relies on Broadcom for wireless and radio-frequency components despite developing its own chips, including the C1 modem.
(UPDATED July 6, 2026 21:27 UTC)
Apple and Broadcom have announced a partnership that is expected to last for multiple generations of Apple products. This collaboration highlights Apple's role as Broadcom's biggest growth driver and revenue source. The two companies are set to strengthen their relationship, which could have significant implications for future technology developments.
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(UPDATED July 6, 2026 14:12 UTC)
Broadcom has announced an expansion of its partnership with Apple to develop and supply custom chips through 2031, a move aimed at easing concerns over Apple's reliance on Broadcom for chip supply. This partnership is significant as Apple accounts for about 20% of Broadcom's annual revenue, and following the announcement, Broadcom's shares jumped nearly 4% in premarket trading. The collaboration builds on a multibillion-dollar agreement made in 2023 for Broadcom to develop and manufacture 5G radio frequency components, reinforcing Apple's strategy to secure long-term supply agreements amid rising chip costs.