U.S. stocks move: Broadcom surges over 6% after securing a massive chip order from Apple

Glonghui, July 9｜Broadcom surged more than 6%, closing at $394.07. According to news reports, Apple has officially announced a new multi-year cooperation agreement with Broadcom. Broadcom will design and manufacture customized chip components and cutting-edge wireless connectivity technology for Apple. The related projects are expected to be worth over $30 billion, with production of more than 15 billion U.S.-made chips anticipated, creating hundreds of jobs in the United States.