Apple says it will spend $30 billion to design US-made Broadcom chips | CNN Business

Apple announced a $30 billion deal to design chips made in the United States by Broadcom. It’s part of Apple’s continued effort to diversify the source of its components and help support domestic chip production – a goal shared by President Donald Trump. Broadcom makes wireless connectivity chips to help gadgets connect to Wi-Fi, cell networks and Bluetooth. Those aren’t the highly-sought-after memory and storage chips that have become incredibly expensive during the AI boom and caused Apple to raise prices. But tariffs have raised prices for Apple too – by billions of dollars a quarter, leading the company to work toward onshoring some of its component manufacturing. In addition to seeking to support American chipmaking, Apple (AAPL) sees a need to diversify its supply chain away from from the Taiwanese chipmakers it relies upon to manufacture the processors that power its iPhones, iPads, and Mac computers. Last month Trump announced a $9 billion deal by Apple to buy American-made chips from Intel, into which the federal government had made a $8.9 billion investment. The agreement with Broadcom will lead to the production of 15 million chips in United States and allow Br