Apple Commits Over $30 Billion to U.S. Manufacturing in Major Broadcom Deal
The largest investment under Apple’s American Manufacturing Program.
The largest investment under Apple’s American Manufacturing Program.
The new multi-year agreement covers custom ASIC silicon and wireless components.
Strong production outlook helps Apple navigate global memory chip shortage.
Evercore ISI views the move as a margin defense and maintains a bullish $365 Outperform target.
Apple will work with Intel to make chips in the U.S., reducing reliance on Asia and boosting Intel’s business and stock.
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