Business

Broadcom Announces $12 Billion in AI and Custom Chip Sales for 2024

Broadcom reported third-quarter results on Thursday that beat Wall Street’s sales and profit expectations. Broadcom shares fell 7% in after-hours trading after market expectations fell short of expectations. Here’s how the chipmaker group performed compared to LSEG’s consensus estimate for the quarter ended Aug. 4: Earnings per share: adjusted $1.24, vs. $1.20 expected Revenue: $13.7…

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Business

Apple and Broadcom announce a multibillion dollar agreement for American-made semiconductors

Apple CEO Tim Cook said in a press release that the company was “excited to make commitments that harness the ingenuity, creativity, and innovative spirit of American manufacturing.” The new multibillion-dollar agreement with Broadcom will allow Apple to develop 5G radio frequency components in the United States. Portions of Broadcom quit for the day Tuesday.…

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Technology

Apple is said to be planning to produce more of its own chips

According to Bloomberg, Apple is apparently working to design more chip components in-house, with the company reportedly constructing a new office with the goal of replacing components now sourced from Broadcom and Skyworks. According to Bloomberg, the new office would first focus on “wireless radios, radio-frequency integrated circuits and a wireless system-on-a-chip,” as well as…

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