It's diversifying from its initial reliance on Taiwan-made chips.
toward providing support for semiconductor manufacturers in a bid to help solve the world's ongoing chip-related issues.But that’s not enough. In the U.S., politicians have expressed concerns that having companies like Apple source so many parts from Taiwan could create chaos if China ever decided to invade the small nation. According to Cook himself, an overwhelming 60 percent of the world’s processors come out of Taiwan.
"COVID disrupted the supply chains, causing it to go negative. Demand exploded to 20 percent year-over-year and disrupted supply chains created a very large gap and that exploding demand has persisted," he said. Although Apple assembles its iPhones and other devices on China’s mainland, it sources parts from many different nations. Cook was now quoted as saying that he was even considering buying chips from factories in Europe to meet ever increasing demand.
Meanwhile, the U.S. is trying to keep as many semiconductor firms inside the country as possible. It passed the CHIPS Act earlier this year which contributes about $50 billion in financial incentives for these types of firms to thrive on American soil.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cook says Apple will start to diversify chip production out of Taiwan in 2024Apple CEO Tim Cool announced today that Apple plans on sourcing some of its chips from TSMC's Arizona fab when it opens in 2024.
Read more »
2023 Toyota Prius, 2024 Lucid Gravity, And Liux Animal: Your Morning Brief | Carscoops2023 Toyota Prius, 2024 Lucid Gravity, And Liux Animal: Your Morning Brief | Carscoops carscoops
Read more »
Apple reportedly plans to use US-made chips starting in 2024 | EngadgetApple CEO Tim Cook reportedly told local engineering and retail employees in Germany that Apple 'already made a decision to be buying [chips] out of a plant in Arizona.'.
Read more »
Pence will appear at CNN town hall amid speculation about his 2024 plans | CNN PoliticsFormer Vice President Mike Pence is set to participate in a CNN town hall at 9 p.m. ET Wednesday, the day after former President Donald Trump announced his entrance into the 2024 presidential race.
Read more »
Suni Lee plans to train for the 2024 OlympicsSuni Lee's elite gymnastics career is not over. The gold medalist in the all-around at the Tokyo Olympics said this will be her last season as a college gymnast at Auburn.
Read more »
Apple to buy chips from Arizona semiconductor plant, report says - Phoenix Business JournalApple CEO Tim Cook made the remarks during a visit to Germany, seemly referring to the Taiwan Semiconductor Manufacturing Co. plant under construction in north Phoenix.
Read more »