Apple to spend $30 billion on US-made chips as part of Trump deal

Apple announced plans to spend over $30 billion on chips manufactured in the United States by Broadcom. This strategic deal is expected to result in the production of more than 15 billion chips. The agreement specifically covers the design and production of custom silicon components used in semiconductors, alongside wireless connectivity technologies. Following the announcement of this significant investment in domestic chip production, Broadcom stock experienced a boost in the market.