Apple Considers Using Intel, Samsung to Build Device Processors

Summary

Bloomberg reports Apple is exploring using Intel and Samsung to manufacture device processors, aiming to reduce reliance on TSMC. Analyst Neil Campling discusses the rationale including geopolitical risk and supply continuity, noting TSMC's long relationship remains strong. The move is seen as a second-source strategy rather than a replacement. No specific investment recommendations are made.

• Apple has held early-stage talks with Intel and Samsung about producing main processors.
• The primary driver is reducing dependence on TSMC amid geopolitical tensions.
• TSMC's relationship with Apple spans 20 years and remains very strong.
• Samsung has a leading-edge fab in the US; TSMC's US leading-edge fab is not ready until 2029.
• Intel's improved balance sheet and US government investment make it a more viable option.
• Apple's supply constraints were highlighted in recent forward guidance.
• The analyst frames the discussions as a second-source alternative, not a replacement.
• No explicit trade recommendations or directional views are expressed.