Broadcom Lands $30 Billion Chip Deal With Apple. Why It’s a Win-Win for AAPL and AVGO. Oleksandr Pylypenko Sat, July 11, 2026 at 10:30 AM PDT 5 min read AVGO AAPL Broadcom (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 'Shark Tank' Star Kevin O'Leary 'Can't Stand It' When Young People Spend $28 on Lunch But Only Make $70k 'I Mean, That's Just Stupid' Intel Future Price Hikes Send Huge Demand Signal to Wall Street 6% APY, Unlimited 3% Cash Back and Free ATM Withdrawals: Everything You Need to Know About Elon Musk's 'Bank Killer' X Money App Stop Missing Market Moves: Get the FREE Barchart Brief your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! So, what does Apple's $30 billion chip agreement actually mean for Broadcom? Let's take a closer look. About Broadcom Stock Broadcom is a global technology company that designs, develops, and supplies semiconductor and infrastructure software solutions. Its semiconductor products serve markets such as networking, wireless connectivity, broadband, servers, storage, and industrial applications, while its infrastructure software business includes private cloud, mainframe software, cybersecurity, enterprise software, and storage management solutions. The company has also become an important player in AI infrastructure through its custom silicon, networking chips, and software platforms used by large enterprises and cloud customers. Its market cap currently stands at $1.76 trillion, making it the world's eighth-most valuable public company. Shares of the semiconductor and software maker have risen 15% on a year-to-date (YTD) basis. The gains have been more muted than those of most of its peers, as the stock took a hit in early June after the company issued below-consensus FQ3 AI semiconductor revenue guidance. Story Continues www.barchart.com Apple Deepens Broadcom Partnership With $30 Billion Chip Agreement Broadcom shares climbed more than 3% on Monday after the chipmaker expanded its long-standing partnership with Silicon Valley giant Apple. Broadcom said it will develop and supply Apple with a range of custom application-specific integrated circuit (ASIC) silicon products through 2031. These types of chips will be used across "multiple generations of Apple products," according to a Broadcom filing. Broadcom's filing did not disclose the financial terms, but Apple shared key details of the agreement on Wednesday, saying it plans...
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