Broadcom, Apple reach wireless equipment supply deal

Thursday, 23. January 2020 23:19

Broadcom Inc announced on Thursday that it agreed on two multi-year deals with Apple on the supply of wireless components. The 2020 SOW deals came after the US chipmaker made a deal to supply specified RF components and modules to Apple in June.

According to Broadcom's estimates, the 2019 SOW and 2020 SOW deal may bring around $15 billion to the company.

The San Jose-based firm's stocks jumped nearly 2% in after-hours trading following the announcement of the agreement.

Related Links: Apple Inc.Broadcom Inc.
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