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Broadcom and Apple will extend their partnership to 2031 for products that will be used in multiple generations of Apple products.
Apple developed its own combined Wi-Fi and Bluetooth module, called the N1, which is now included in the latest iPhones, iPads, and Macs.
The expanded partnership between Apple and Broadcom is for ASIC chips intended for use in AI servers.
Apple is developing a new server chip, codenamed "Baltra", planned for deployment in 2027 or 2028.
The ASIC technology in Apple's upcoming "Baltra" server chip is being developed by Broadcom.
Apple's server chip planned for deployment at the end of 2027 is expected to have four times the power of the M5 Ultra chip.
Apple's biggest current priority is developing smart glasses under the codename N50.
Apple's goal with its smart glasses is to disrupt the glasses market in the same way the Apple Watch disrupted the mid-tier watch market.
Saudi Arabia is reducing its main crude oil price for buyers in Asia, selling barrels at a discount for the first time since 2020.
Saudi Aramco will lower its Arab Light oil price for next month by $11 a barrel.
Saudi Aramco will price its Arab Light oil for next month at $150 below the regional benchmark.
The price reduction from Saudi Aramco is a response to a surge of global supply, which was heightened by increased oil flows through the Strait of Hormuz following an interim U.S.-Iran deal.