Broadcom Shares Rise Over 4% Pre-Market Following New Long-Term Agreement with Apple
On July 6, according to filings with the U.S. Securities and Exchange Commission, Broadcom (AVGO.O) has extended its technology collaboration with Apple (AAPL.O) through a new multi-year agreement until 2031. Broadcom will develop and supply a range of custom ASIC silicon products for the manufacturing of multiple generations of Apple products. Following this positive news, the shares of a company rose over 4% in pre-market trading.
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