Broadcom Jumps After Apple Signs More Than $30 Billion Chip Supply Pact
Broadcom shares rose sharply after Apple announced a multi-year agreement worth in excess of $30 billion through 2031 under which Broadcom will supply custom ASICs and advanced wireless components for multiple generations of Apple products. The pact includes a $1.5 billion investment to expand Broadcom's Fort Collins facility to produce more than 1…