Apple prepares to get US chips in pivot from Asia

Expanding portfolio: Shoppers browse iPhones at Apple’s Regent Street store in London. Cook says the company is buying out of a plant in Arizona, where production is expected to start in 2024, and plans to expand its supply from plants in Europe as well. — Bloomberg

NEW YORK: Apple Inc is preparing to begin sourcing chips for its devices from a plant under construction in Arizona, marking a major step towardS reducing the company’s reliance on Asian production.

Chief executive officer Tim Cook made the disclosure during an internal meeting in Germany with local engineering and retail employees as part of a recent tour of Europe, according to remarks reviewed by Bloomberg News. He added that Apple may also expand its supply of chips from plants in Europe.