Apple Stock News: Apple to Source Chips from Arizona
Apple Stock News: According to MacRumors, Apple intends to start obtaining some of its chips from an Arizona facility. Cook omitted information about the specific chips that Apple will import from Arizona, but TSMC, an Apple supplier, is currently constructing a manufacturing facility close to Phoenix. The project was initiated by TSMC in 2020, and major production of 4-nanometer chips would begin in 2024. Through financial incentives, the Biden administration has been trying to get businesses to produce chips in the United States, and Apple has also been trying to reduce its reliance on China.
Mac Sales for Businesses with Promotions
According to MacRumors, to increase Mac sales in the holiday quarter, Apple is giving small and midsize enterprises up to 10% off 14 and 16-inch MacBook Pro models. Because Apple had a selection of new Macs in 2021 that featured the 14 and 16-inch MacBook Pro models, Mac sales will decline. There are no Mac updates available to encourage holiday sales in 2022, nor are any scheduled for the last few months of the year.
Apple Hiring with Great Care
According to MacRumors, as a cost-saving measure last month, Apple halted hiring for several non-R&D positions. This decision has an impact on some “corporate functions” and “standard hardware and software engineering responsibilities. Cook also covered Apple’s stance around going back to work. Corporate workers must report to the office three days a week as of September.