Apple Turns to Home-Grown Chip Supply as US/China Trade Tensions Rise
24 May 2023
Consumer electronics giant Apple has made a multi-billion $ agreement with semiconductor manufacturer Broadcom.
The move will help reduce the high-profile smartphone/tablet/wearable technology brand’s dependency on chip producers located in the Far East. Initially, this agreement will focus on the production of advanced wireless connectivity devices for use in 5G-enabled equipment - much of which will be undertaken at Broadcom’s Colorado facility.
Commenting on the agreement, Apple CEO Tim Cook said that the company intends to “..continue to deepen our investments in the US economy.” All this is amid the growing geopolitical frictions that exist between the respective administrations of President Xi in China and President Biden in the US.
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