Apple is reported to be looking to purchase chips from European and US fabs

Apple is believed to be looking at buying chips from Europe and the US. According to a report by BloombergIt cites comments made during an internal meeting by Tim Cook. Apple has “already made a decision to be buying out of a plant in Arizona” that’s due to begin production in 2024, meaning that the company could start using those chips in around two years, according to the reported comments from Cook. He also said that Apple hopes to “source from Europe as those plans become more apparent.”

Apple’s custom-designed chips, such as the M2 chip that powers its newest MacBooks and the iPhone’s A-series processors, are mainly produced by Taiwan Semiconductor Manufacturing Company, or TSMC. As the company’s name implies, most of its fabs are located in Taiwan, though it currently has an advanced facility Being built in ArizonaIt is expected that the company will begin producing chips by 2024.