Intel stock tumbles on report that Apple will make its own Mac chips
Could Intel survive without Apple as a big customer? Investors aren’t so sure. Shares of Intel nosedived more than 8% Monday on a report that Apple plans to start making its own processors for Mac computers as early as 2020. The stock closed down 6%. The move is part of a larger strategy to ensure all Apple devices function similarly and can work in tandem, according to Bloomberg. Apple (AAPL) began using Intel (INTC) processors in Macs in 2006. Paul Otellini, who was CEO of Intel at the time, appeared on stage with Steve Jobs in a cleanroom suit...
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