Apple has announced a multibillion-dollar collaboration with US technology firm Broadcom to build “cutting-edge” components to wirelessly connect to high-speed 5G telecom networks.
The iPhone maker did not specify how many billions of dollars it would pour into the Broadcom alliance, but said it was part of a commitment to invest in the U.S. economy.
Apple Chief Executive Tim Cook said in a statement: “We are thrilled to make commitments that harness the spirit of American manufacturing ingenuity, creativity and innovation.”
Google’s dominance is in jeopardy
All of Apple’s products rely on technology developed here in the U.S., and we will continue to deepen our investment in the U.S. economy, he added.
According to Apple, the alliance will involve designing and manufacturing advanced radio frequency components and other “advanced wireless connectivity” parts in the United States.
5G technology is shaping the future of next-generation consumer electronics—and Apple is spending tens of billions of dollars to develop the sector in the United States.
According to the Silicon Valley technology titan, Apple is moving quickly to meet its commitment to invest $430 billion in the U.S. economy over five years by 2021. Investments include data centers, capital projects and suppliers. Includes the amount invested.