Broadcom disclosed Thursday two deals with Apple that will see the company getting roughly $15 billion in revenue from the iPhone maker through 2023.
Why it matters: While Apple gets the lion's share of revenue from the iPhone, there are many suppliers and component makers who make a fortune from the device; they just usually have to be cagey about offering details for fear of irking Apple. It's hard to stay silent, though, when Apple accounts for such material revenue.
Broadcom specializes in communications chips, like those that add Bluetooth and WiFi capabilities, and also makes radio chips that do a portion of the phone's cellular communications work.
- The company has previously said it was looking to sell that unit, per Bloomberg.