According to Bloomberg News on January 24, Broadcom and Apple reached a $ 15 billion chip supply agreement, valid until mid-2023.

Broadcom said that the two parties have reached two multi-year agreements to provide Apple with a series of designated high-performance wireless components and modules for use in new products in the next three and a half years. In addition, Broadcom reached another similar agreement with Apple in 2019. Broadcom noted that these agreements could generate about $ 15 billion in future revenue.

According to reports, Broadcom is Apple's main supplier of electronic components, and its radio frequency chips provide iPhone, iPad and Apple Watch to connect to cellular data networks. Broadcom also provided Apple with other components, including network chips for Wi-Fi.