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Home » Apple Announces Multibillion-Dollar Component Deal with Broadcom

Apple Announces Multibillion-Dollar Component Deal with Broadcom

THE EXTERIOR OF AN APPLE OFFICE, THE COMPANY LOGO REFLECTED IN GLASS
May 23, 2023
SupplyChainBrain

Apple announced May 23 that it had signed a new multiyear, multibillion-dollar agreement with U.S. manufacturer Broadcom in a deal that will see Broadcom develop 5G radio frequency components and wireless connectivity components for the international technology company.

Broadcom will design FBAR (Film Bulk Acoustic Resonator) filters — a type of complementing surface acoustic wave (SAW) filter technology that increases a product’s power handling capabilities — for Apple at several manufacturing hubs across the United States including Fort Collins, Colorado where Broadcom houses one of its largest production facilities. Moreover, the partnership will enable Broadcom to continue investing in major automation projects while allocating funds to teach new skills to the organization’s technicians and engineers.

“We’re thrilled to make commitments that harness the ingenuity, creativity and innovative spirit of American manufacturing,” said Apple CEO Tim Cook. “All of Apple’s products depend on technology engineered and built here in the United States, and we’ll continue to deepen our investments in the U.S. economy because we have an unshakable belief in America’s future.”

The deal comes as part of a commitment Apple made in 2021 to invest $430 billion in the U.S. economy over the next five years. In the announcement, Apple said that it is on track to meet that target thanks to direct spending with American suppliers, data center investments, capital expenditures and other forms of domestic spending.

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