However, outside of AI, Broadcom also has a historical relationship with the largest public company in the world, Apple (NASDAQ: AAPL).Apple uses Broadcom chips in its wireless consumer devices.

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Apple is working with semiconductor company Broadcom on its first server chip designed to handle AI applications, according to The Information, which cited three people with knowledge of the project.

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↗️ Apple (AAPL): The iPhone maker's global smartphone shipments rose last quarter, according to a closely watched industry tracker. Its stock was up around 1.6%.

Apple uses Broadcom chips in its wireless consumer devices. This relationship may take on a new form, as Broadcom has reportedly been working with Apple to develop AI chips.