8-KRegulation FD

Broadcom Inc. 8-K Report, Regulation FD Disclosure (May 23, 2023)

Filed May 23, 2023For Securities:AVGO

Summary

Broadcom Inc. (AVGO) announced on May 23, 2023, that its subsidiaries have entered into two multi-year statements of work (SOWs) with Apple Inc. These agreements, dated May 22, 2023, cover the supply of a range of specified high-performance radio frequency (RF) and wireless components and modules. The components will be used in Apple's upcoming products. Under the terms of these SOWs, Broadcom is committed to supplying Apple with these specified components and modules. A crucial aspect of the agreement is Broadcom's commitment to maintain and allocate sufficient manufacturing capacity and other resources to ensure the timely production of these critical components for Apple's product pipeline. This announcement highlights a significant ongoing business relationship between two major technology players.

Key Highlights

  • 1Broadcom has entered into two new multi-year supply agreements (SOWs) with Apple Inc.
  • 2The agreements are for the supply of high-performance RF and wireless components and modules.
  • 3These components are intended for use in Apple's products.
  • 4Broadcom commits to allocating sufficient manufacturing capacity and resources for these components.
  • 5This indicates a continued and significant business relationship between Broadcom and Apple.
  • 6The SOWs are long-term, suggesting a stable revenue stream from Apple for Broadcom.

Frequently Asked Questions

The filing specifies that Broadcom will supply a range of specified high-performance RF (radio frequency) and wireless components and modules. Specific product names are not disclosed, but they are for use in Apple products.

The filing refers to the agreements as 'multi-year statements of work,' indicating that they are long-term contracts, although the exact duration is not specified in this filing.

While the 'multi-year' nature and the commitment to capacity suggest significant and stable business, the filing does not specify a guaranteed revenue amount. The revenue will depend on Apple's product demand and sales.

This commitment signals Broadcom's dedication to meeting Apple's supply needs and suggests that these components are critical to Apple's product strategy. It implies a high degree of integration and reliance in the supply chain.