Apple will transition from using Intel chips to processors designed in-house, in a shift that chief executive Tim Cook called a “historic day for the Mac” computer.
Speaking at the company’s annual Worldwide Developers Conference on Monday, Mr Cook said the transition away from Intel would take about two years, with the first products using “Apple Silicon” expected by the end of 2020.
Intel’s shares rose 1 per cent in response to the timeline for the change.
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