Apple plans to invest more than $30 billion in a procurement and development deal with Broadcom, aimed at sourcing advanced chips from within the United States and reducing the company’s reliance on overseas supply chains.
The partnership targets the production of 15 billion chips, with Broadcom currently expanding capacity at its Fort Collins, Colorado facility to meet that target.
Tim Cook, Apple’s chief executive, said the advanced components made in Fort Collins are “a fundamental element in delivering the superior performance and connectivity capabilities our customers expect.”
The deal builds on a broader domestic manufacturing push Apple announced earlier last year, when it committed to $500 billion in US investments over four years, including a dedicated artificial intelligence server facility in Houston.
Broadcom designs, develops, manufactures and supplies a wide range of semiconductor products and infrastructure software globally.
