Apple Invests $30B With Broadcom For Colorado Chip Factory Expansion

The agreement, announced Wednesday, covers chips designed by Broadcom and manufactured in the United States, a move Apple says will help secure its supply chain and support American jobs. The investment will go toward upgrading Broadcom's Fort Collins facility, which produces components used in Apple devices.

Apple's $1.5 billion commitment will fund new equipment and infrastructure at the Colorado site, which currently employs about 1,300 people. The expansion is expected to create additional roles in engineering and manufacturing, though specific hiring targets were not disclosed.

The deal is part of Apple's broader push to increase domestic manufacturing, following similar investments in other U.S. suppliers. Apple has previously committed to spending $430 billion on U.S. suppliers over five years, a goal it says this agreement advances.

Broadcom, a major supplier of wireless components, already works with Apple on chips for iPhones and other products. The new agreement extends their partnership and ensures a steady supply of critical components for Apple's product lineup.

The announcement comes as the U.S. government encourages semiconductor production at home, with the CHIPS Act offering incentives for domestic chip manufacturing. Apple's investment is independent of that program, but aligns with the broader push to reduce reliance on overseas production.