Broadcom has extended its strategic partnership with Apple to supply custom application-specific integrated circuits (ASICs) through 2031.
The agreement, announced Monday, covers multiple generations of Apple products and reinforces the chipmaker's position as a critical infrastructure partner for the iPhone maker.
The deal provides Broadcom with significant revenue visibility over the next five years, underpinning its custom silicon business which has become a key growth driver alongside its networking segment.
For Apple, the extension ensures a stable supply chain for specialized chips that power specific functions within its devices, reducing reliance on general-purpose processors.
This development follows Broadcom's recent unveiling of its first joint custom AI chip with OpenAI, named Jalapeño.
The simultaneous expansion of partnerships with both Apple and OpenAI highlights Broadcom's strategy to diversify its custom silicon footprint across consumer electronics and artificial intelligence infrastructure.