Broadcom announces major business developments, including a reported $30B deal with Apple and competitive sales of custom ASICs against Nvidia and AMD.
3 reports, 2 independent
Updated Aug 28
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What happened
Broadcom announces major business developments, including a reported $30B deal with Apple and competitive sales of custom ASICs against Nvidia and AMD.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Apple, Broadcom, AMD, Nvidia, and Google are involved in a partnership regarding custom chips, market share competition, and long-term commitments through 2031.Also in this story
- Apple secured a $30B agreement for U.S. manufacturing, benefiting U.S. silicon beneficiaries, while Nvidia's decoupling offers a growth roadmap.
- Marvell, Broadcom, and Google expanded their partnership for custom AI chip development, backed by a $12.2 billion warrant.
The entities involved
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Broadcom
American semiconductor manufacturer
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Apple Inc.
American multinational technology company based in Cupertino, California
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Nvidia
American multinational technology company
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AMD
American multinational semiconductor company
Related events
- Nvidia, Broadcom, and AMD stock trades on Nasdaq while facing competition and struggling against Nvidia's ecosystem dominance.
- Broadcom partners with hyperscalers like Amazon and Microsoft, offering custom ASICs to diversify from reliance on Nvidia's standard offerings.
- AMD's AI systems could benefit Broadcom as a partner, while Broadcom stock trades on Nasdaq exchange.
- Rackspace Technology utilizes Broadcom's VMware Cloud Foundation 9.1 platform and trades on NASDAQ.
- The acquisition of VMware continues to pay off.