Apple on Tuesday announced it signed a multibillion-dollar deal with Broadcom to manufacture microchips in the U.S.

Under the deal, Broadcom, a technology and advanced manufacturing company, will develop 5G radio frequency components and wireless connectivity components, Apple said. 

"All of Apple’s products depend on technology engineered and built here in the United States, and we’ll continue to deepen our investments in the U.S. economy because we have an unshakable belief in America’s future," Apple CEO Tim Cook said in a statement.

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