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.
Apple said this week that the deal, which was struck earlier this week and runs through 2031, covers FBAR filters – or radio-frequency chips
