Apple (NASDAQ:AAPL) reportedly plans to replace Broadcom chips used in its devices with in-house designed parts in 2025, Bloomberg reported, citing unidentified people familiar with the matter.
A combined Wi-Fi and Bluetooth chip would replace Broadcom’s parts, the report said.
The company also targets to swap out electronics from Qualcomm Inc. after preparing its first cellular modem chip by the end of 2024, or early 2025, Bloomberg added.
Apple is Broadcom’s largest customer and represented 20% of the chipmaker’s revenue in the last fiscal year, accounting for about $7 billion.
Up to 22%, or $10 billion, of Qualcomm’s annual sales, are linked to Apple.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)