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Broadcom Stock Jumps on New $30 Billion Deal to Supply Chips to Apple
Apple said the deal is part of its American Manufacturing Program, which includes plans to spend hundreds of billions on growing U.S. manufacturing over the next several years.Credit: Kevin Carter / Getty ImagesKey TakeawaysApple and Broadcom announced a new deal for the iPhone maker to buy at least $30 billion in chips over the next several years.The deal is part of Apple’s efforts to diversify its supply chain to make it more resistant to disruption and less reliant on international suppliers.Broadcom shares jumped following the news but remain down more than 20% from the all-time high set…
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