Apple's new chip business

This could be received positively in the market. Apple's ability to come up with a major breakthrough in all their products have proven well in the past. Nothing to be blamed that they want to design their own chips that goes into their products. Apple is making use of the time properly. It is easier to negotiate with high quality chip-designers and other candidates in the chip market as we all know about the current job market. To quote from the article:
...In one sign of the new focus, Apple recently hired Raja Koduri, who was formerly the chief technology officer of the graphics products group at chip maker Advanced Micro Devices Inc. Mr. Koduri started at Apple this week, following in the footsteps of Bob Drebin, who had held the same title at AMD and is also now working for Apple...

If successful the stocks could soar. AAPL closed today at $125.83. Lets watch.

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