Wed. Nov 25th, 2020


The Real News Network

Broadcom to supply wireless components to Apple

1 min read

FILE PHOTO: A sign to the campus offices of chip maker Broadcom Ltd, who announced on Monday an unsolicited bid to buy peer Qualcomm Inc for $103 billion, is shown in Irvine, California

(Reuters) – Chipmaker Broadcom Inc <AVGO.O> said on Thursday it has entered into two multi-year agreements with Apple Inc <AAPL.O> for the supply of wireless components used in its products.

The agreements, “2020 SOWs”, are in addition to the existing ones for supplying radio frequency components and modules to the iPhone maker and together could generate as much as $15 billion in revenue for Broadcom.

Shares of the chipmaker rose 2% in extended trading.

(Reporting by Amal S in Bengaluru; Editing by Arun Koyyur)