A little under a year ago, Apple promised to invest $600 billion in the U.S. over a four-year period through an American Manufacturing Program (AMP). The company has today announced its largest single AMP commitment to date: a $30 billion Broadcom chip contract.
The iPhone maker says that the deal will help Broadcom expand its Colorado plant, and lead to the production of more than 15 billion US-made chips …
Broadcom had earlier announced an expanded partnership with Apple to develop and supply a range of custom chips, but the value of the contract had not been revealed at that point.
Apple has today provided more detail on the partnership.
CEO Tim Cook said the company was proud to deepen its investment in the US economy.
Apple started with a $100 billion AMP commitment, which it said would reach $600 billion over the next four years. An earlier US chip deal with Samsung was announced last year.
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