Apple prepares to

source chips from

Arizona plant -
Bloomberg News
The Apple Inc. logo is seen hanging at the entrance to the Apple store on 5th
Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike
Segar/File Photo

Nov 15 (Reuters) - Apple Inc (AAPL.O) is preparing to begin

sourcing chips for its devices from a plant under construction
in Arizona in the United States, Bloomberg News reported on
Tuesday.

The company may also expand its supply of chips from plants
in Europe, the report said, attributing it to remarks by Chief
Executive Officer Tim Cook at an internal meeting in Germany
with local engineering and retail employees.

Apple declined to comment when contacted by Reuters.

Last year, TSMC said it had started construction at a site in

Arizona where it planned to spend $12 billion to build a
computer chip factory, and planned to start volume production
of chips using its 5-nanometer production technology in 2024.

Earlier this month, TSMC also said it was constructing a

building that could serve as its second chip factory in
Arizona. read more

The United States has been encouraging foreign tech firms to

manufacture in the country and has actively supported local
research, development and manufacturing after passing its
CHIPS Act.