Broadcom signs multi-year agreements with Apple Inc

Chipmaker Broadcom Inc stated, it has entered into two multi-year agreements with Apple Inc for supplying wireless components used in its products.

The agreements, “2020 SOWs”, are in addition to existing ones for supplying radio frequency components and modules to Apple.

Together the agreements are likely to generate around $15 billion in revenues for Broadcom.

With the news reaching the market, Broadcom’s shares rose by 2% in extended trading.

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