Broadcom shares jump over 2% after Apple announces $30 billion chip deal
Published on: July 8, 2026, 7:29 p.m. | Source: The Economic Times
Broadcom shares gained after Apple announced a multi-year chip supply agreement exceeding $30 billion. The deal expands US manufacturing, strengthens Broadcoms custom silicon business through 2031 and supports Apples strategy to build a domestic semiconductor supply chain.
