Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTProactiveMon, July 6, 2026 at 4:51 PM GMT+2 2 min readBroadcom extends Apple chip supply deal through 2031 Proactive uses images sourced from ShutterstockBroadcom Inc (NASDAQ:AVGO, XETRA:1YD) has extended its chip partnership with Apple Inc (NASDAQ:AAPL, XETRA:APC) through 2031, expanding a long-running supply agreement covering custom semiconductor development and production.The expanded arrangement, disclosed by Broadcom in a regulatory filing, builds on a relationship that has lasted for years. Apple is widely viewed as one of Broadcom's largest customers and is estimated to account for roughly 20% of the chipmaker's annual revenue.Under the revised deal, Broadcom will continue developing custom application-specific integrated circuit (ASIC) chips for Apple, with the company stating in the filing that the components will be used across "multiple generations of Apple products." Financial terms were not disclosed.Broadcom has historically supplied Apple with a range of connectivity and radio frequency components used in devices such as iPhones, including Bluetooth, Wi-Fi and cellular-related semiconductors.While Apple has been increasing its internal chip design efforts, rolling out in-house modem technologies such as the C1 and C1X and introducing proprietary wireless chips in some products, it continues to rely on Broadcom for certain networking and RF components.The companies previously signed a multibillion-dollar agreement in 2023 focused on 5G radio frequency components manufactured in the United States. The latest extension broadens the scope of the partnership as demand increases for custom silicon used in artificial intelligence-related systems and infrastructure.Broadcom has also been expanding its AI chip business, working with major technology firms including Alphabet and Meta Platforms on custom silicon for data centers. Shares of Broadcom rose in premarket trading following the announcement.Apple is separately developing its own AI server chips, codenamed Baltra, which are expected to support cloud-based Apple Intelligence features such as generative text and image tools. Those systems are expected to integrate Broadcom technology for networking and connectivity.Wedbush Securities said the updated agreement "seems to suggest AVGO will be assisting with more compute oriented products," though it said it is unclear whether the custom ASICs will be directed toward device-level applications such as edge AI or toward data center infrastructure similar to Broadcom's existing work with companies including Google, Meta Platforms, and OpenAI.The brokerage added that, regardless of the end use, it views the development positively for Broadcom as "another customer win," and as further evidence of the growing importance of silicon IP and design capabilities amid accelerating AI-driven demand across hardware and infrastructure markets.Shares of Broadcom added 5% on the news, while Apple stock added 1%.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info