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Apple and Broadcom Extend Chip Supply Deal to 2031


Broadcom has agreed to extend its chip partnership with Apple through 2031, expanding a deal that covers the development and supply of a wide range of custom chips, Reuters reports. Today's extension builds on an existing supply relationship between the two companies, which have worked together for years. Apple is one of Broadcom's largest customers, believed to account for about 20% of its annual revenue.

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