Apple set to introduce own Bluetooth and Wi-Fi chips

Apple Inc (NASDAQ:AAPL ). is progressing with its strategy to develop in-house components, planning to introduce its own Bluetooth and Wi-Fi chip, known as Proxima, in 2025. This development will phase out the need for similar components currently supplied by Broadcom (NASDAQ:AVGO ) Inc. The Proxima chip has been under development for several years and is expected to be featured in products starting in 2025. The production of this chip will be carried out by Apple's manufacturing partner, Taiwan Semiconductor Manufacturing Co.

This move is part of Apple's broader effort to control more of the hardware that goes into its devices. The company aims to achieve a fully integrated wireless technology system that operates seamlessly with its devices and enhances energy efficiency. The shift to using the Proxima chip is distinct from Apple's reported plans to replace Qualcomm Inc (NASDAQ:QCOM ).'s cellular modems with its own design, although the two components are expected to function in tandem eventually.

The people who provided this information did so on the condition of anonymity, as the plans have not been made public. When approached for comments, representatives from Apple, headquartered in Cupertino, California, and Broadcom, based in Palo Alto, California, chose not to respond.

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Source: Investing.com