BUZZ-Broadcom gains after expanding Apple chip partnership through 2031

Apple Inc.
Broadcom Limited

Apple Inc.

AAPL

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Broadcom Limited

AVGO

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** Shares of chip firm Broadcom AVGO.O rise 4.2% to $375.50

** Co expands partnership with Apple AAPL.O through 2031 to develop and supply custom chips

** Co supplies Apple with radio frequency, Wi-Fi, Bluetooth and other networking chips

** Apple accounts for about 20% of Broadcom's annual revenue, according to analysts

** Including session's gains, stock up 8.4% YTD


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