Broadcom to become Apple supplier
The American manufacturer of integrated circuits for communication devices Broadcom announced a two-year contract with Apple. The company will supply the manufacturer of the iPhone certain radio frequency (RF) components and modules for smartphones, tablets and smartwatches. In a statement to the Securities Commission (SEC), Broadcom noted that it would maintain and allocate sufficient production capacity and other resources to produce the products provided for in the contract. Shares Broadcom immediately after the announcement of a two-year contract with Apple soared by almost 6%. But then the growth of the papers faded away. Nevertheless, most Wall Street industry experts expect further growth from Broadcom shares in the coming year. JPMorgan analysts say Broadcom is the leader in wireless networking, data centre networking, software and hardware. Leadership in the company's industry ensures its large scale and technological capabilities, analysts say. By De...