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

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.