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Intel shares tumble on report of Apple chip switch

  • A Bloomberg report said Apple would ditch Intel chips for an in-house model on Mac computers.
  • Shares of Intel fell 9 percent after the Bloomberg report.

Intel shares dropped sharply on Monday after a report that Apple would ditch Intel chips for an in-house model on Mac computers. </em>" data-reactid="14">Intel shares dropped sharply on Monday after a report that Apple would ditch Intel chips for an in-house model on Mac computers.

Shares of Intel fell 9 percent after the Bloomberg report.

There are many different types of chips and processors that go into Apple's products, both from Intel and competitors like Qualcomm, Broadcom and Arm. But Apple has increasingly looked to bring design of the most important chips — for things like artificial intelligence and augmented reality — in-house.

Apple was not immediately available to comment on the report.

This is breaking news. Please check back for updates. </em>" data-reactid="18">This is breaking news. Please check back for updates.

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