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Broadcom Extends Deal With Apple To Supply Custom ASIC Silicon Chips Through 2031, Stock Gains

Ryan Ashford 1 min read  ·  July 6, 2026
Broadcom Extends Deal With Apple To Supply Custom ASIC Silicon Chips Through 2031, Stock Gains

(RTTNews) – Monday, Broadcom Inc. (AVGO) announced its decision to extend its long-term technology collaboration with Apple Inc. (AAPL) through 2031.

As per the new multi-year long-term agreement, Broadcom would develop and supply a range of custom ASIC silicon products for use in multiple generations of Apple products.

The agreement is also expected to help Apple lock in strategic collaborations with key chipmakers to ensure a consistent and reliable supply chain, Reuters notes.

Currently, AVGO is trading at $380.15, up 5.48 percent on the Nasdaq.

Written by

Ryan Ashford

Senior markets analyst · Podcast host

Ryan covers global equity markets, interest rate cycles, and the macro forces reshaping capital flows. Before Eagle One, he spent a decade at institutional trading desks writing cross-asset research for fund managers. His work translates complex monetary signals into clear investor decisions.

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