Apple on Tuesday announced a multibillion-dollar agreement to develop 5G radio frequency and wireless connectivity components in the United States. The company said it is partnering with US-based manufacturer Broadcom for the components, which will be designed and built in several American manufacturing and technology hubs, including Fort Collins, Colorado, where Broadcom operates a facility. The effort is part of a larger commitment Apple (AAPL) made in 2021 to invest $430 billion in the economy through 2026. The move also comes as Apple continues to bet on 5G technology. Apple introduced 5G to the iPhone in 2020 and has since released other 5G-enabled devices, including the Apple Watch Series 7 and iPad Pro.

Source: CNN May 23, 2023 16:24 UTC