Home Telecoms Mobile Apple signs multibillion-dollar deal with Broadcom for 5G components The components will be designed and built in several US manufacturing hubs including Fort Collins, Colorado, where Broadcom has a major facility by Bloomberg May 24, 2023 Apple signed a new multiyear, multibillion-dollar deal with Broadcom to develop 5G radio frequency components. The collaboration will include wireless connectivity components, Apple said in a statement on Tuesday. The components will be designed and built in several US manufacturing hubs including Fort Collins, Colorado, where Broadcom has a major facility. Apple already helps support more than 1,000 jobs in Fort Collins, and the partnership will enable Broadcom to continue to invest in automation projects, Apple said. Multi-year collaboration to develop cutting-edge wireless connectivity and 5G components #connectedbybroadcom https://t.co/M0Ioc2v13X — Charlie Kawwas (@CharlieKawwas) May 23, 2023 The iPhone maker is spending tens of billions of dollars to develop 5G technology in the US. These investments are part of the commitment Apple made in 2021 to invest $430bn in the US economy over the next five years. Apple said it’s on pace to meet its target. Qualcomm shares fell 2 per cent after the news. Broadcom rose about 3 per cent. Image credit: Getty Images Read: Broadcom to acquire cloud services firm VMware in $61bn deal Tags 5G Apple Broadcom Technology 0 Comments You might also like Ahead of the game: Honor’s quest to become the preferred choice in the Middle East Public cloud’s contribution to UAE economy could reach $181bn by 2033 – report Honor unveils Magic5 Pro, Magic Vs flagship smartphones in the UAE Google teams up with UAE organisations for AI research and sustainability initiatives