Apple Plans To Source Chips From Arizona Plant In 2024

Apple will buy some of its chips from a factory in Arizona, Apple CEO Tim Cook said last month at an internal company meeting in Germany, according to Bloomberg News. CNBC reports: Apple currently sources all of its processors from factories in Taiwan. It designs its own chips and Taiwan Semiconductor Manufacturing Company manufactures the A-series and M-series processors that power iPhones and Mac computers. If Apple were to buy processors manufactured in the U.S., it would represent a significant diversification in Apple's supply chain away from Taiwan.

'We've already made a decision to be buying out of a plant in Arizona, and this plant in Arizona starts up in '24, so we've got about two years ahead of us on that one, maybe a little less,' Cook said, according to Bloomberg. TSMC previously announced plans for a single factory in Arizona to open in 2024 focusing on chips that use the latest manufacturing technology. TSMC said earlier this month that it is planning a second chip factory in Arizona because of 'strong customer demand.'

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