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

By Stephen Nellis

SAN ‌FRANCISCO, July 8 (Reuters) - ​Apple ​plans to spend more than $30 billion under a multi-year chip supply deal with Broadcom, ‌bolstering its U.S. sourcing as President Donald Trump's administration ⁠pushes to expand domestic chip manufacturing.

Broadcom shares rose more than ‌4%, while Apple shares were ‌down marginally.

Apple said on Wednesday the deal, which was struck earlier this week and runs through 2031, ​covers FBAR filters - or radio-frequency chips used for wireless connectivity in its devices - that it had ⁠been developing with Broadcom since at least 2023.

Broadcom will invest $1.5 billion to expand ​its Fort Collins, Colorado, factory under the deal, which Apple said would result in the ​production of at least 15 ‌billion chips and support its work with the Trump administration to source more components ⁠domestically.

"The cutting-edge components built in Fort Collins are essential to delivering the incredible performance and connectivity our customers expect, and ⁠we're proud to deepen our investments in U.S.-based suppliers that share ​our commitment to excellence and innovation," Apple CEO Tim Cook said in a statement.

"We're grateful to the president and his administration ‌for supporting important projects like this."

In August 2025, Apple raised its U.S. investment commitment ‌to $600 billion over four years, adding $100 billion to a ⁠previously announced spending plan.

(Reporting ‌by Stephen Nellis in ​San Francisco, additional reporting by Anhata Rooprai in Bengaluru; Editing by Muralikumar Anantharaman and Anil ‌D'Silva)

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