Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
ByteDance Unveils New AI Voice Assistant for ZTE Smartphones 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation 
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature 
Visa to Move European Headquarters to London’s Canary Wharf 
Tesla Faces 19% Drop in UK Registrations as Competition Intensifies 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Trump Administration to Secure Equity Stake in Pat Gelsinger’s XLight Startup 
Quantum Systems Projects Revenue Surge as It Eyes IPO or Private Sale 
Netflix’s Bid for Warner Bros Discovery Aims to Cut Streaming Costs and Reshape the Industry 
UPS MD-11 Crash Prompts Families to Prepare Wrongful Death Lawsuit 
AI-Guided Drones Transform Ukraine’s Battlefield Strategy 
Apple Leads Singles’ Day Smartphone Sales as iPhone 17 Demand Surges 
Amazon Italy Pays €180M in Compensation as Delivery Staff Probe Ends 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Apple Inc. revealed it has teamed up with Broadcom Inc. for the development of 5G radio frequency parts in the United States. The companies signed a multi-billion deal for the partnership.
With the cooperation between the two firms, the semiconductor manufacturing company that designs, develops, and supplies an array of chip and infrastructure software products will make 5G radio frequency components, including the advanced wireless connectivity parts called the FBAR filters.
Broadcom will design and make the FBAR filters in some key manufacturing and technology hubs in the U.S., such as Colorado and Fort Collins, where the company is running a major facility. The company said that these components are different from Qualcomm-made 5G modems.
As per CNBC, Apple shared that its agreement with Broadcom is part of its commitment to invest $430 billion in the country. The iPhone maker made the pledge in 2021.
In any case, the latest deal between Apple and Broadcom marks the latest phase of their tie-up since the latter announced in 2020 that it would sell $15 billion worth of wireless components to the Cupertino, California-based tech company. Moreover, it was mentioned that Apple is already supporting over 1,100 jobs in Broadcom’s Fort Collins FBAR filter production plant.
“We are thrilled to make commitments that harness the ingenuity, creativity, and innovative spirit of American manufacturing,” Apple’s chief executive officer, Tim Cook, said in the announcement. “All of Apple’s products depend on technology engineered and built here in the United States, and we’ll continue to deepen our investments in the U.S. economy because we have an unshakable belief in America’s future.”
Meanwhile, shares of Broadcom reportedly soared by about three percent after the deal was announced. For Apple, its shares slightly dropped by less than one percent.
Photo by: Michael Gaida/Pixabay
