Apple's Chips and the Tech Rally Fizzles Out
Bloomberg Tech
Bloomberg
4.4 • 70 Ratings
🗓️ 9 January 2023
⏱️ 41 minutes
🧾️ Download transcript
Summary
Bloomberg's Caroline Hyde and Ed Ludlow break down how Apple is racing to ready in-house chips by 2025 and what are the implications for its suppliers. Plus, why a big tech rally loses steam, while Chinese stocks roar back.
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Transcript
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| 0:00.0 | Join Stacey Abrams, Leib Shriver, Gina McCarthy, and more of the planet's environmental |
| 0:06.2 | leaders and problem solvers for the Bloomberg Green Festival in Seattle, July 10th to the 13th. |
| 0:12.8 | Title sponsor Amazon, Official Airline, Alaska Airlines. |
| 0:17.6 | Supporting sponsor, Providence. |
| 0:19.9 | Contributing sponsor, Wareyerhauser. |
| 0:22.6 | Get 40% off using promo code Radio 40 |
| 0:26.0 | at Bloomberg Live.com slash Green Festival. I'm Caroline Heine at Bloomberg's world headquarters in New York. |
| 0:45.6 | And I'm Ed Ludlow. Also in New York City, this is Bloomberg Technology. |
| 0:49.2 | Special day coming up, Apple racing to ready in-house chips by 2025, and it has big implications for its suppliers. |
| 0:56.6 | Shares of Broadcom dropped on the Bloomberg scoop. |
| 0:59.5 | We'll discuss in a moment. |
| 1:00.7 | And a big tech rally loses steam, as Fed officials signal interest rates going beyond 5% and |
| 1:06.3 | earnings come into focus as well as CPI just around the corner this Thursday, |
| 1:10.7 | semiconductors outperform. |
| 1:12.5 | And Chinese stocks roar back after signs of government is winding down its tech |
| 1:16.9 | crackdown on data protection on online gaming and investments in foreign entities. |
| 1:22.1 | We want to dig into that scoop |
| 1:23.7 | because it did move markets. |
| 1:24.8 | We're pleased to say to talk about the replacements of chips |
| 1:27.4 | and go really for its homegrown components |
| 1:29.9 | and the implications on its suppliers is one, Mark Germin. |
| 1:32.2 | He was there with this story it did |
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