BROADCOM, APPLE EXTEND PARTNERSHIP TO 2031

Broadcom and Apple have formalized a long-term commitment to their chip supply relationship, with the partnership now guaranteed through the end of the decade. The expanded agreement signals Apple's continued reliance on Broadcom for custom silicon components. Broadcom supplies wireless and connectivity chips that are embedded in iPhones, iPads, and other Apple devices. The extended timeline provides both companies with predictability for product roadmaps and manufacturing planning. For Broadcom, the deal secures a major revenue stream from one of its largest customers. For Apple, it ensures stable access to critical components as it advances its custom chip ambitions. The partnership underscores how major tech companies increasingly lock in supply agreements to secure semiconductor access amid ongoing industry constraints.