UPDATE 1-Broadcom, Apple extend chip partnership through 2031

Apple Inc.

AAPL

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Broadcom Limited

AVGO

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July 6 (Reuters) - Broadcom AVGO.O said on Monday that the chipmaker and Apple AAPL.O have agreed to expand their partnership through 2031 to develop and supply a range of custom chips.

Broadcom has been a long-standing supplier to Apple, providing key components, including custom radio frequency chips used in iPhones, Wi-Fi and Bluetooth connectivity chips, and other networking semiconductors.

Apple is one of Broadcom's largest customers. Analysts estimate the iPhone maker accounts for a major chunk of Broadcom's annual revenue, making it a critical contributor to the chip firm's semiconductor business.

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