Apple and Broadcom expand chip collaboration

Qualcomm announced an extension of its agreement with Apple until 2031 to supply custom ASIC chips used in future Apple devices. The announcement led Qualcomm's stock to rise by about 5%, with gains exceeding 30% over the past year, amid increasing demand for semiconductors and artificial intelligence technologies. The partnership focuses on developing dedicated server chips for AI data processing to support Apple's plans to enhance its cloud capabilities and deliver advanced technologies related to performance and security.

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