Apple nears switch from Broadcom chips; eyes in-house launch next year: Bloomberg

Published 12/12/2024, 01:47 PM
QCOM
-
AAPL
-
AVGO
-

Investing.com -- Apple Inc is set to replace Broadcom  components with its own in-house chip for Bluetooth and Wi-Fi connections starting next year, Bloomberg reported Wednesday, citing people familiar with the matter.

The chip, code-named Proxima, which has been in development for several years, is slated to debut in products in 2025. Taiwan Semiconductor Manufacturing (NYSE:TSM) will produce the chip, as it does with Apple's other in-house components.

This move is separate from Apple's planned shift away from Qualcomm Incorporated (NASDAQ:QCOM)'s cellular modems, though the two parts will eventually work together.

Apple aims to develop an integrated, energy-efficient wireless approach, the sources told Bloomberg.

Representatives for Apple and Broadcom declined Bloomberg's request for comment.

Broadcom Inc (NASDAQ:AVGO) shares fell 2% following the news, while Apple Inc (NASDAQ:AAPL) was up nearly 1% in recent trading.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.