Business
Bloomberg: Apple to start using own chips in Macs, Intel shares plunge
Apple is planning to start using its own chips in Mac computers, replacing processors from Intel, sources tell Bloomberg News, causing shares of the Intel Corporation to plummet.
People familiar with the plans told Bloomberg News on Monday that Apple plans to start using its own chips as early as 2020. The initiative is still in the early stages but is part of a larger effort to make Apple’s devices work similarly and seamlessly together, the sources said.
There was no immediate confirmation from Apple, but Monday’s report caused shares of Intel to fall as much as 9 percent. Shares were down more than 3 points (5.8%) as of 2:50 p.m. ET.
Apple provides Intel with about 5 percent of its annual revenue, according to Bloomberg. Intel has had a turbulent year so far after it was revealed in January that its chips are vulnerable to two security flaws.
-
US News1 week ago
4 more cats test positive for H5N1 bird flu in the U.S.
-
Legal5 days ago
Boy, 16, shoots 10 people at Sanford, Florida event venue
-
Legal2 days ago
Police kill ‘active shooter’ outside Mt. Horeb, Wisconsin middle school
-
US News1 week ago
2 killed in cargo plane crash near Fairbanks, Alaska
-
Legal6 days ago
Texas Amber Alert: Legend Torres abducted in San Marcos
-
World1 week ago
28 pilot whales die after mass stranding on Australian beach
-
World3 days ago
Sword-wielding man attacks passersby in London, killing 14-year-old boy
-
World4 days ago
Houthi missiles target Malta-flagged container ship near Yemen