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Apple Prepares to Get Made-in-US Chips in Pivot From Asia

  • Company plans to source chips from Arizona plant in 2024
  • CEO Tim Cook makes comments about expansion during meeting
Bloomberg business news
WATCH: Apple Inc. says the company is preparing to begin sourcing chips for its devices from a plant under construction in Arizona. Source: Bloomberg
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Apple Inc. is preparing to begin sourcing chips for its devices from a plant under construction in Arizona, marking a major step toward reducing the company’s reliance on Asian production.

Chief Executive Officer Tim Cook made the disclosure during an internal meeting in Germany with local engineering and retail employees as part of a recent tour of Europe, according to remarks reviewed by Bloomberg News. He added that Apple may also expand its supply of chips from plants in Europe.