Broadcom Extends Custom Chip Supply Partnership with Apple Through 2031
AVGO•Broadcom and Apple have extended their custom chip development and supply partnership through 2031, covering a range of custom silicon. This agreement cements Broadcom’s role as a primary Apple supplier for five additional years and secures a sustained multi-year revenue stream for the chipmaker.
1. Extension of Apple Partnership Through 2031
Broadcom announced that it and Apple have agreed to extend their custom chip development and supply partnership through 2031. The deal covers a range of next-generation silicon for networking, wireless connectivity and other Apple products, reinforcing a five-year commitment.
2. Impact on Broadcom's Business and Revenue
The extension guarantees Broadcom a steady multi-year revenue stream and strengthens its top-line stability. It also deepens Broadcom’s integration into Apple’s supply chain, underscoring Apple’s reliance on Broadcom’s specialized chip designs for future product roadmaps.
