Apple's $30 Billion Broadcom Deal Is Its Biggest US Chip Bet Yet

Apple, the company behind the iPhone, has announced a multi-year partnership of $30 billion with chipmaker Broadcom.

The deal goes far beyond buying chips. It expands Apple's long-term strategy of building more of the technology that powers its devices inside the United States, with a target of producing more than 15 billion chips domestically.

What Apple’s $30 billion Broadcom partnership means

As part of the agreement, Broadcom will expand its manufacturing facility in Fort Collins, Colorado, with a $1.5 billion investment, supporting hundreds of American jobs.

Those chips, though, won’t be the processors that power iPhones or Macs. Instead, they’ll handle something just as important: keeping Apple devices connected through Wi-Fi, Bluetooth and cellular networks.