Apple's long-term demand for 3nm chips may be lower than expected

Analyst Ming-Chi Kuo believes that weakness in Apple hardware demand through 2024 is causing a ripple effect that is reaching chip manufacturers, with orders for equipment falling by 30% in the next year.15-inch MacBook AirIn a post on Medium on Wednesday, analyst Ming-Chi Kuo is examining extreme ultraviolet (EUV) equipment sales to chip manufacturers. Specifically, ASML may cut production of the expensive gear because Apple and other firms may not need as many chips as the industry forecast. Read more...