Cyprus Mail12 Jul 2026

Apple to spend $30 billion on Broadcom chips as it boosts US sourcing

Apple to spend $30 billion on Broadcom chips as it boosts US sourcing

Apple (AAPL.O) plans to spend more than $30 ​billion under a multi-year chip supply deal with Broadcom, bolstering ‌its US sourcing as President Donald Trump’s administration pushes to expand domestic chip manufacturing.

Broadcom shares rose more than 4 per cent, while Apple shares were ​down marginally....

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