Broadcom to produce wi-fi elements to Apple

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FILE PHOTO: An indication to the campus places of work of chip maker Broadcom Ltd is proven in Irvine, California, U.S., November 6, 2017. REUTERS/Mike Blake/File Picture

(Reuters) – Chipmaker Broadcom Inc (AVGO.O) mentioned on Thursday it has entered into two multi-year agreements with Apple Inc (AAPL.O) for the provision of wi-fi elements utilized in its merchandise.

The agreements, “2020 SOWs”, are along with the prevailing ones for supplying radio frequency elements and modules to the iPhone maker and collectively might generate as a lot as $15 billion in income for Broadcom.

Shares of the chipmaker rose 2% in prolonged buying and selling.

Reporting by Amal S in Bengaluru; Modifying by Arun Koyyur

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