May 24, 2023
Chip war: Apple strikes major US-made semiconductor deal
Apple says the deal is part of a plan it announced in 2021 to invest $430bn in the US economy. The long-running dispute has seen the US impose a series of measures against China's chip making industry and invest billions of dollars to boost America's semiconductor sector. Apple has been gradually diversifying its supply chains, with more of its devices now made in countries like India and Vietnam. Under the latest deal, which expands the iPhone maker's existing relationship with Broadcom, components for Apple devices will be designed and built in Colorado and other parts of the US. "We're thrilled to make commitments that harness the ingenuity, creativity, and innovative spirit of American manufacturing," Apple's chief executive Tim Cook said in a statement. Earlier this week, China said products made by US memory chip giant Micron Technology were a national security risk, in Beijing's first major move against a US chip maker.
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