New York (EFE).- The Apple company announced “a multi-million dollar agreement” – the amount of which was not specified – with the company Broadcom to produce radio frequency chips for 5G technology and cutting-edge wireless components on US soil.
The agreement will be “multi-year” and will allow Broadcom “to continue to invest in automation projects, improving it with engineers and technicians.”
Shortly after the agreement was announced, Apple shares lost 0.76% in the stock market on Wall Street. While those of Broadcom rose 1.19%.
One of the main products resulting from the agreement will be the so-called FBAR filters, which will be manufactured at various Broadcom plants, but mainly in Fort Collins (Colorado), where the company has one of its largest factories.
Alliance between Apple and Broadcom
Apple’s statement insists that this will boost job creation in the United States. In a world increasingly dominated by Asian companies in the manufacture of chips and all kinds of electronic components. A topic that has become politically sensitive.
In this regard, Apple CEO Tim Cook made a patriotic proclamation.
“All Apple products depend on engineering and technology developed and built here in the US, and we will continue to deepen our investments in the US economy because we have unwavering faith in the future of the country.”
In fact, the statement elaborates on the number of jobs created directly by Apple in the United States or helped to create in collaboration with other companies, which totals 2.7 million jobs “in the 50 states of the country” .