Apple announces multibillion-dollar deal with Broadcom for U.S.-made chips

Tim Cook, chief executive officer of Apple Inc., smiles during the opening of the new Apple BKC store in Mumbai, India, on Tuesday, April 18, 2023. 

Indranil Aditya | Bloomberg | Getty Images

Apple on Tuesday announced a new multibillion-dollar deal with Broadcom to develop 5G radio frequency components in the U.S.

“We’re thrilled to make commitments that harness the ingenuity, creativity, and innovative spirit of American manufacturing,” CEO Tim Cook said in a release.

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