Apple is assembling a new team of engineers in Southern California to develop wireless chips that could eventually replace components from companies like Broadcom and Skyworks Solutions, reducing reliance on third-party chipmakers.
According to statistics, about one-fifth of Broadcom's sales come from Apple, and nearly 60% of Skyworks' operating income comes from Apple's orders. Early last year, Broadcom and Apple reached a $15 billion agreement for the supply of wireless components, with a supply period ending in 2023.
The latest market news has caused the chip giant's stock price to fall.
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![Apple formed a new team to develop wireless chips, which eventually replaced components such as Broadcom[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)