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Apple Announces $30 Billion Broadcom Deal to Make More US Chips
Apple today announced its multiyear partnership with Broadcom to design and produce custom silicon components and wireless technologies, confirming a Reuters report we covered on Monday. Apple says the new agreement is expected to exceed $30 billion, and will lead to the creation of more than 15 billion U.S. chips and support "hundreds" of American jobs. Broadcom is part of Apple's American Manufacturing Program (AMP), an initiative launched last year to boost U.S. manufacturing.
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