Broadcom agrees new deal to make custom chips for Apple to 2031
- Apple extends Broadcom partnership to supply chips until at least 2031
- Development for next-generation C2 modem could still be underway
- Broadcom and Apple investors are happy as shares rise
Apple has extended its partnership with Broadcom to supply it with chips until 2031, signing new agreements covering chip development and supply for upcoming generations of the company's own silicon.
Broadcom remains a key supplier of radio (RF) chips, Wi-Fi chips, Bluetooth chips and other networking hardware, even though Apple has successfully replaced several components with in-house alternatives like its high-performance M-series chips and recent C-series cellular modems.
By signing Broadcom up for another five years, it may indicates Apple doesn't yet have immediate plans to replace all chips with in-house production, spelling out good news for third-party suppliers.
The extension is major news for Broadcom in particular, which credits around a fifth of its revenue to supplying Apple. The extension...
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