Apple's In-House Chip Plans Shake Up Tech Market

1 min read
Source: Yahoo Finance
Apple's In-House Chip Plans Shake Up Tech Market
Photo: Yahoo Finance
TL;DR Summary

Broadcom's stock fell over 1% after reports that Apple plans to replace Broadcom's components with its own chips for Bluetooth and WiFi in future products, potentially impacting Broadcom's revenue as Apple accounts for about 20% of it. Despite the news, the limited sell-off suggests investor confidence remains relatively stable.

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