Broadcom will provide Apple with specific wireless components and modules for use in hardware over the next three and a half years.
A new application, which appeared in the database of the US Securities and Exchange Commission (SEC), shows that Apple entered into two separate contracts with the manufacturer of wireless components Broadcom for $ 15 billion.
According to new data, Broadcom will provide Apple with certain wireless components and modules for use in hardware devices over the next three and a half years.
Apple currently uses Broadcom’s iPhone 11 lineup to connect to Wi-Fi and Bluetooth. According to analyst Patrick Moorhead, the documentation suggests that future iPhone smartphones may be equipped with Broadcom components to connect to LTE networks. As for 5G networks, the issue is not completely resolved. It is worth recalling that Apple acquired the modem division of Intel.
After the news, Broadcom’s stock price rose about 3% after the close of trading and settled at around $ 330.10.