Apple is pouring more than $30 billion into Broadcom for custom chips made entirely in the US, its biggest domestic manufacturing bet to date and a direct response to the Trump administration's push to onshore semiconductor production. The multi-year deal, announced Wednesday, locks in Broadcom to produce over 15 billion US-made chips through 2031. Broadcom will invest $1.5 billion to expand its Fort Collins, Colorado facility, where it will manufacture advanced radio frequency components including FBAR filters and wireless connectivity tech for Apple devices.
Shares of Broadcom climbed over 6% on the news, their sharpest rally since February. The agreement covers "custom ASIC silicon products" across multiple generations of Apple hardware, according to a Broadcom filing with the Securities and Exchange Commission on Monday. ASICs, application-specific integrated circuits, are increasingly used for AI workloads.
Broadcom will also supply wireless components for cellular, Wi-Fi and Bluetooth connectivity.
Apple did not provide a timeline for when the new capacity will come online. The deal is the largest commitment to date under Apple's American Manufacturing Program, launched last year to accelerate US production. It folds into a broader pledge Apple made in August 2025 to invest $600 billion in the US economy over four years, a $100 billion increase from its prior target.
"Apple and Broadcom have a long history together, and this new phase of our partnership further accelerates our commitment to American manufacturing and innovation," Apple CEO Tim Cook said in a statement. "We're grateful to the president and his administration for supporting important projects like this one."
Broadcom CEO Hock Tan said the company is "proud to continue to work with Apple after decades of success together."
Apple has been developing the FBAR filter technology with Broadcom since at least 2023, and the new agreement runs through 2031, covering chips for wireless connectivity across its product lineup. The Fort Collins expansion will support hundreds of American jobs.
