Apple Just Announced a Multibillion-Dollar Deal With Broadcom -- Here's What Investors Should Know
In early 2018, (NASDAQ: AAPL) announced plans to invest $350 billion in the U.S. economy. At the time, the company said this set of investments would be concentrated on those areas where Apple could have the "greatest impact on job creation." These included direct employee hiring, spending and investment involving domestic manufacturers and suppliers, and fueling the "fast-growing app economy."
The tech giant later raised that commitment to $430 billion over five years, including a proposed campus in North Carolina and greater investment in 5G technology.
Apple just took another big step in fulfilling its pledge, striking a multiyear, multibillion-dollar deal with chipmaker Broadcom (NASDAQ: AVGO) to create components for its devices that will be made in the U.S.
Source Fool.com
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