Skip to navigationSkip to main contentSkip to right columnOleksandr PylypenkoSat, July 11, 2026 at 7:30 PM GMT+2 5 min readBroadcom (AVGO) has become one of the most important companies in the artificial intelligence (AI) infrastructure boom, thanks to its growing role in custom silicon, networking chips, and semiconductor solutions used by some of the world's largest technology companies. While memory chipmakers have captured much of the spotlight this year, Broadcom has quietly strengthened its position behind the scenes by helping major customers design application-specific integrated circuit (ASIC) chips tailored to their own AI workloads.That position became even more important this week. Broadcom announced an expanded long-term partnership with Apple (AAPL) under which it will develop and supply custom ASIC chips through 2031. While Broadcom did not disclose the financial terms, Apple later revealed that it expects to spend more than $30 billion under the agreement.More News from Barchart