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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.

Go deeper: Broadcom to buy Symantec unit for $10.7 billion

Go deeper

Dan Primack, author of Pro Rata
2 hours ago - Health

Moderna exec says children could be vaccinated by mid-2021

Tal Zaks, chief medical officer of Moderna, tells "Axios on HBO" that a COVID-19 vaccine could be available for children by the middle of next year.

Be smart: There will be a coronavirus vaccine for adults long before there is one for kids.

Updated 3 hours ago - Politics & Policy

Sen. Kelly Loeffler to return to campaign trail after 2nd negative test

Sen. Kelly Loeffler addresses supporters during a rally on Thursday. Photo: Jessica McGowan/Getty Images

Sen. Kelly Loeffler's (R-Ga.) campaign announced Monday that she "looks forward to getting back out on the campaign trail" after testing negative for COVID-19 for a second time, following earlier conflicting results.

Why it matters: Loeffler has been campaigning at events ahead of a Jan. 5 runoff in elections that'll decide which party holds the Senate majority. Vice President Mike Pence was with her on Friday.

Updated 7 hours ago - Politics & Policy

Key government agency says Biden transition can formally begin

General Services Administrator Emily Murphy. Photo: Alex Edelman/CNP/Getty Images

General Services Administrator Emily Murphy said in a letter to President-elect Joe Biden on Monday that she has determined the transition from the Trump administration can formally begin.

Why it matters: Murphy, a Trump appointee, had come under fire for delaying the so-called "ascertainment" and withholding the funds and information needed for the transition to begin while Trump's legal challenges played out.

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