Apple is set to spend over $30 billion as part of a multi-year chip supply deal with Broadcom, strengthening its U.S. sourcing as President Donald Trump’s administration strives to grow domestic chip manufacturing.
Broadcom shares were up over 4%, whereas Apple shares were slightly lower.
The contract, which was finalized earlier in the week and extends through 2031, includes FBAR filters or radio-frequency chips that are utilized to connect its devices wirelessly, which Apple had been working on with Broadcom since no later than 2023, Apple said on July 8, 2026.
According to Apple’s multi-year chip supply deal with Broadcom, the latter will be investing $1.5 billion to grow its Fort Collins, Colorado, facility, Apple said, which will generate at least 15 billion chips while assisting it to continue working with the Trump administration so as to procure more parts in the U.S.
According to Tim Cook, Apple CEO, “The cutting-edge components built in Fort Collins are essential to delivering the incredible performance and connectivity our customers expect, and we’re proud to deepen our investments in U.S.-based suppliers that share our commitment to excellence and innovation. We’re grateful to the president and his administration for supporting important projects like this.”
It was in August 2025 that Apple said it planned to spend $600 billion in the U.S. across four years, up $100 billion from a previously released expenditure plan.