Broadcom's US stock rose over 4% in pre-market trading as the company extended its technical collaboration with Apple through a new multi-year agreement until 2031.

BlockBeats News, July 6th, according to SEC filings, Broadcom (AVGO.O) and Apple (AAPL.O) have extended their technology collaboration through a new multi-year agreement until 2031. Broadcom will develop and supply a series of custom ASIC silicon products for the manufacturing of multiple generations of Apple products.

Possibly driven by the positive news, Broadcom's US stock surged over 4% in pre-market trading.