Apple Stock News: Production Grant
Apple Stock News: The US Commerce Department announced a major investment in TSMC, Apple’s chip supplier, to boost chip production in the US. They’re granting TSMC a $6.6 billion subsidy and $5 billion in loans for semiconductor production in Phoenix, Arizona. This is part of the CHIPS and Science Act aimed at revitalizing US semiconductor manufacturing. TSMC plans to invest $25 billion, totaling $65 billion, the largest foreign investment in a new US project. They’ll build a third plant in Arizona by 2030, with the first producing 4nm chips next year. The second plant will also make 2nm chips by 2028, and the third will focus on 2nm chips and future advanced semiconductors. This move could potentially shift Apple’s chip production from Taiwan to the US.
M4 for AI
Apple is gearing up to launch its Mac lineup featuring M4 chips in late 2024, aiming to enhance AI performance, reports Bloomberg’s Mark Gurman. Following the simultaneous introduction of M3, M3 Pro, and M3 Max chips last October, Apple may unveil the M4 series around the same time. Gurman anticipates the M4 rollout across late 2024 and early 2025, starting with updates to the iMac, 14-inch MacBook Pro variants, 16-inch MacBook Pro, and Mac mini. Subsequent releases are slated for the MacBook Air models, Mac Studio, and Mac Pro throughout 2025. The M4 chips, comprising at least three variants codenamed Donan, Brava, and Hidra, will power different Mac models based on their performance tiers. The Hidra chip, possibly an “Ultra” or “Extreme” tier, is earmarked for the Mac Pro. The M4 chips, fabricated on the 3-nanometer process, are expected to feature performance and power efficiency enhancements over their predecessors, thanks to improvements in TSMC’s manufacturing process. Additionally, Apple plans to incorporate an upgraded Neural Engine with more cores to bolster AI capabilities.
Large Office in Miami
Apple, according to Bloomberg’s Mark Gurman, is expanding its presence in the Miami area by leasing 45,000 square feet of office space at The Plaza Coral Gables. This upgrade, situated south of Miami, will replace its current smaller office focused on advertising and Latin America. The Miami location is part of Apple’s broader global footprint, which includes large campuses in California, Washington, and Texas, as well as forthcoming expansions in Raleigh, North Carolina. Additionally, Apple plans to open a new retail store at the Miami World center, joining other tech companies like Amazon and Microsoft in expanding to South Florida.
