Broadcom said on July 6 that it will provide custom chips for Apple in an expanded deal that runs through 2031. The companies have signed a new multi-year agreement, through which Broadcom will develop custom ASIC chips, short for application-specific integrated circuit.That means they were designed for a particular purpose. Broadcom has long made connectivity components for Apple’s iPhone. Shares of Broadcom rose about 5 per cent before markets opened in New York. The stock has gained more than 30 per cent over the past year as the artificial intelligence boom has fuelled demand for more semiconductors. The company has been working with several other major tech firms, including Alphabet and Meta Platforms, on AI-specific chips. Do you support technology collaborations ?
