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Apple to spend $30 billion on Broadcom chips as it boosts US sourcing
Cyprus Mail
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12 July 2026, 06:30
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Apple (AAPL.O) plans to spend more than $30 billion under a multi-year chip supply deal with Broadcom, bolstering its US sourcing as President Donald Trump’s administration pushes to expand domestic chip manufacturing. Broadcom shares rose more than 4 per cent, while Apple shares were down marginally. Apple said this week that the deal, which was […]