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Broadcom Stock Rises on New Apple Supply Deal for Custom Chips

Broadcom disclosed a five-year agreement to supply custom processors to Apple. Shares of AVGO rose on the news.

July 6, 2026
2 min read
Source: Investor's Business Daily
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Key Numbers

deal duration
5 years

Broadcom (AVGO) announced on Monday a five-year deal to supply custom processors to consumer electronics giant Apple (AAPL). The stock edged higher following the disclosure.

Deal Details

  • Duration: 5 years.
  • Product: Custom processors tailored for Apple's devices.
  • Value: Not disclosed.

The Product

The custom processors from Broadcom are designed specifically for Apple's needs and are expected to be used in future iPhones, iPads, and Macs. No further technical details were provided.

Pricing and Availability

Pricing and delivery timelines have not been announced. Production is likely to begin in the coming months.

Competition

The deal comes as Broadcom competes with other chip suppliers like Qualcomm and Intel. It strengthens Broadcom's position as a key Apple supplier.

Potential Impact on the Company

The agreement is expected to boost Broadcom's revenue in the custom chip segment and deepen its relationship with Apple. It may also reduce Apple's reliance on other vendors.

Frequently Asked Questions

The deal is for five years.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.