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International Business Times
International Business Times
Business

Apple Commits Its Biggest U.S. Manufacturing Push Yet: What It Entails

As part of the agreement, Broadcom will invest $1.5 billion to expand its semiconductor facility in Fort Collins, Colorado, where it will manufacture advanced wireless components for future Apple devices. (Credit: Eric Thayer/Getty Images)

Apple is deepening its investment in American chip manufacturing with a new multi-year agreement worth more than $30 billion with Broadcom, marking the largest U.S. manufacturing commitment in the company's history.

The deal, announced Wednesday, will result in the production of more than 15 billion chips in the United States over the coming years. As part of the agreement, Broadcom will invest $1.5 billion to expand its semiconductor facility in Fort Collins, Colorado, where it will manufacture advanced wireless components for future Apple devices.

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