Apple Is Working on AI Chip With Broadcom, Bloomberg reports
Apple Inc. is developing a server chip designed especially for artificial intelligence and is working with Broadcom Inc. on the chip’s networking technology, the Information reported, citing a person with direct knowledge of the project.
The new chip is internally code-named Baltra and is expected to be ready for mass production by 2026, according to the report.
Bloomberg Apple chart inching closer toward 4 Trillion market value
Broadcom shares rose 3.7% in New York Wednesday morning. Apple was slightly changed.
The move highlights Apple’s longstanding position to avoid buying chips from Nvidia Corp., which dominates the market for AI processors. It also marks a milestone for the company’s silicon team, which began designing chips for the iPhone before moving on to Mac processors that set new standards for performance and energy efficiency, according to the report.
