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Apple (AAPL) announces new $30 billion deal with Broadcom (AVGO) to build more U.S. chips

Apple has announced a new $30 billion deal with Broadcom to manufacture processor chips within the United States, aiming to establish an end-to-end silicon supply chain. This agreement will result in over 15 billion chips being produced as part of Apple's largest ever American Manufacturing Program commitment. CEO Tim Cook highlighted the partnership as a significant step in deepening investments in U.S.-based suppliers.

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