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Apple explores US chip production with Intel and Samsung to reduce reliance on TSMC.

Market News
05 May 2026
Sweta Killa
View Source
Bullish
pluang ai news

Apple is in early talks with Intel and Samsung to manufacture its processors in the US, aiming to diversify its chip supply beyond Taiwan Semiconductor Manufacturing Co. This move responds to recent chip shortages that impacted iPhone sales and reflects concerns about relying on a single supplier. While no orders have been placed yet, Apple is seeking more manufacturing flexibility amid supply chain challenges. The company also reported strong quarterly results and is adjusting its capital strategy as CEO Tim Cook plans to step down.

More News (AAPL)

Renewed U.S.-Iran tensions push oil prices up, impacting key economic sectors and confirming AI investment confidence.

Renewed U.S.-Iran tensions push oil prices up, impacting key economic sectors and confirming AI investment confidence.

Renewed hostilities between the U.S. and Iran, including attacks on commercial vessels in the Strait of Hormuz and reinstated U.S. sanctions on Iran, caused crude oil prices to rise sharply. This increase pressured economically sensitive sectors such...

Market News
Neutral
1 day ago
Apple sues OpenAI for allegedly stealing confidential hardware information

Apple sues OpenAI for allegedly stealing confidential hardware information

Apple has filed a lawsuit against OpenAI and two former Apple employees, accusing them of attempting to steal confidential information related to Apple's hardware. The lawsuit claims a "pattern of thefts" and was filed in the U.S. District Court for ...

Market News
Bearish
1 day ago
Apple sues OpenAI and ex-employees for stealing trade secrets on unreleased tech

Apple sues OpenAI and ex-employees for stealing trade secrets on unreleased tech

Apple has filed a lawsuit against OpenAI and two former employees, accusing them of stealing Apple's trade secrets related to unreleased technology. The suit claims that the ex-employees, Chang Liu and Tang Yew Tan, took confidential information when...

Market News
Bearish
1 day ago
Apple sues OpenAI for alleged trade secret theft amid hardware rivalry.

Apple sues OpenAI for alleged trade secret theft amid hardware rivalry.

Apple has filed a lawsuit against OpenAI in Northern California, accusing the AI company of stealing trade secrets to develop its own consumer hardware. The suit claims OpenAI's chief hardware officer, a former Apple VP, directed Apple employees to s...

Market News
Bearish
1 day ago
Apple sues OpenAI for alleged trade secret theft and breach of contract.

Apple sues OpenAI for alleged trade secret theft and breach of contract.

Apple has filed a lawsuit against OpenAI accusing it of stealing trade secrets and breaching contracts. The complaint alleges that OpenAI’s senior leadership, including Chief Hardware Officer Tang Tan, orchestrated the theft by recruiting Apple emplo...

Market News
Bearish
1 day ago
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