Broadcom, Apple extend chip supply deal through 2031

Broadcom and Apple have extended their chip supply agreement through 2031, focusing on components for the iPhone. While this partnership secures a long-term deal, there are concerns regarding potential volatility if Apple accelerates its own in-house chip development. Such a shift in strategy could impact investor confidence in Broadcom. The agreement ensures continued collaboration between the two companies for several years, maintaining the current supply chain for Apple's mobile hardware components until the end of the decade.