Apple said it has inked a multi-year, multi-billion-dollar deal with chip and network equipment maker Broadcom for components to be made in the US.
As part of the deal, Broadcom will supply 5G radio frequency components and wireless connectivity components to Apple, Apple said. The 5G radio frequency components will be made in several manufacturing centers around the US, including Fort Collins, Colo.
“We will continue to deepen our investments in the American economy because of our unwavering faith in America’s future,” said Apple CEO Tim Cook.
In a securities filing, Broadcom said it has entered into two multi-year working arrangements with Apple. It did not specify the value of the deal.
Apple, the world’s largest manufacturer of consumer electronics by annual revenue, makes up 20% of Broadcom’s revenue. Their agreement comes as Apple seeks to manufacture its own chips and reduce reliance on suppliers.
Broadcom shares rose 3% to $698.60 in premarket trading.
Write to Will Feuer at will.Feuer@wsj.com