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Jan. 23, 2020, 5:12 p.m. EST

Broadcom: Deals with Apple could be worth $15 billion

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By Jeremy C. Owens

Broadcom Inc. /zigman2/quotes/200646538/composite AVGO -1.91% disclosed Thursday afternoon new deals with Apple Inc. /zigman2/quotes/202934861/composite AAPL +0.02% worth $15 billion, and shares moved higher in extended trading. In a filing with the Securities and Exchange Commission , the chip maker said that it had signed two multiyear statement of work agreements with the iPhone manufacturer for components that will be included in Apple products beginning this month. The two deals are in addition to an agreement to supply RF chips that Broadcom disclosed last summer. Broadcom said that the two new deals as well as the rest of the previously disclosed contract would lead to, in aggregate, $15 billion in revenue for the company. Broadcom shares gained about 2% in the after-hours trading session Thursday, while Apple supplier Skyworks Solutions Inc.'s /zigman2/quotes/201417573/composite SWKS -2.94% shares declined despite a strong earnings report released Thursday afternoon.

/zigman2/quotes/200646538/composite
US : U.S.: Nasdaq
$ 317.77
-6.20 -1.91%
Volume: 1.91M
Feb. 14, 2020 4:00p
P/E Ratio
49.36
Dividend Yield
4.09%
Market Cap
$126.41 billion
Rev. per Employee
$1.42M
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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 324.95
+0.08 +0.02%
Volume: 20.03M
Feb. 14, 2020 4:00p
P/E Ratio
25.66
Dividend Yield
0.95%
Market Cap
$1421.81 billion
Rev. per Employee
$1.98M
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/zigman2/quotes/201417573/composite
US : U.S.: Nasdaq
$ 118.99
-3.60 -2.94%
Volume: 1.82M
Feb. 14, 2020 4:00p
P/E Ratio
24.90
Dividend Yield
1.48%
Market Cap
$20.25 billion
Rev. per Employee
$402,989
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