Apple-Broadcom Deal

It's been Zynga, bringing Wall Street to Main Street. Apple said it is expanding its partnership with Broadcom in a multi-year deal expected to exceed $30 billion, marking its largest U.S. manufacturing commitment to date, according to CNBC. The agreement will lead to production of more than 15 billion U.S.-made chips and includes a $1.5 billion expansion of Broadcom's Fort Collins, Colorado, facility. Apple said Broadcom will make wireless components that help devices connect to cellular, Wi-Fi and Bluetooth networks. Broadcom said in an SEC filing that it entered long-term agreements with Apple to develop and supply custom ASIC silicon products for multiple generations of Apple products through 2031. Apple said the deal advances its push to build an end-to-end silicon supply chain in America. CEO Tim Cook said the Fort Collins components are important to Apple device performance and connectivity. He credited Trump's administration for supporting the project. For all things money, visit benzinga.com.