U.S.-based components supplier Broadcom receives a monumental, multi-billion dollar contract from Apple for domestic product manufacturing.
Apple, the tech giant, is deepening its investments in the US economy with a multibillion-dollar deal with Broadcom, a leading US technology and advanced manufacturing company. This partnership is part of Apple's commitment to invest $430 billion in the US economy over five years.
The deal, spanning multiple years, aims to harness the ingenuity and creativity of American manufacturing. One of the hubs for this collaboration is Fort Collins, Colorado, where Broadcom has a major facility. This agreement includes the production of FBAR filters, a crucial component in 5G technology.
Broadcom will develop 5G radio frequency components and wireless connectivity components, which are expected to drive innovation and job growth among companies supporting 5G infrastructure. The partnership will support over 1,100 jobs in Broadcom's Fort Collins FBAR filter manufacturing facility. It will also enable Broadcom to invest in automation projects and upskilling with technicians and engineers.
Apple's investments in the US economy extend beyond this partnership. These investments include data center investments, capital expenditures, and other domestic spend. Apple's commitment to the US has already resulted in the company supporting more than 2.7 million jobs across the country, through direct employment, the iOS app economy, and spending with suppliers and manufacturers.
The introduction of 5G technology to Apple devices in 2020 has been a significant catalyst for job growth. Apple's investment in 5G technology is not limited to this partnership with Broadcom. The company is investing tens of billions of dollars in the US for the development of 5G technology.
Tim Cook, Apple's CEO, expressed his excitement about the deal, stating that it is a testament to Apple's deep commitment to the US. The American cities that will become locations for manufacturing 5G radio frequency components with FBAR filters and advanced connectivity components due to this agreement between Apple and Broadcom are yet to be specified.
However, it is clear that this partnership will contribute to the expansion and expediting of 5G adoption across the country, benefiting more users with faster connectivity as they upgrade to 5G-capable products. As 5G coverage and performance continue to expand globally, this partnership is set to play a crucial role in shaping the future of technology in the US.
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