Apple plans to drop key Broadcom chip

Top pick: Various iPhones on display at a store in Chicago. The iPhone is Apple’s top moneymaker, generating more than half of its US$394.3bil (RM1.7 trillion) revenue last year. — AFP

LOS ANGELES: Apple Inc’s push to replace the chips inside its devices with homegrown components will include dropping a key Broadcom Inc part in 2025, according to sources, dealing a blow to one of its biggest suppliers.

As part of the shift, Apple also aims to ready its first cellular modem chip by the end of 2024 or early 2025, letting it swap out electronics from Qualcomm Inc, the sources said.