It's diversifying from its initial reliance on Taiwan-made chips.
toward providing support for semiconductor manufacturers in a bid to help solve the world's ongoing chip-related issues.But that’s not enough. In the U.S., politicians have expressed concerns that having companies like Apple source so many parts from Taiwan could create chaos if China ever decided to invade the small nation. According to Cook himself, an overwhelming 60 percent of the world’s processors come out of Taiwan.
"COVID disrupted the supply chains, causing it to go negative. Demand exploded to 20 percent year-over-year and disrupted supply chains created a very large gap and that exploding demand has persisted," he said. Although Apple assembles its iPhones and other devices on China’s mainland, it sources parts from many different nations. Cook was now quoted as saying that he was even considering buying chips from factories in Europe to meet ever increasing demand.
Meanwhile, the U.S. is trying to keep as many semiconductor firms inside the country as possible. It passed the CHIPS Act earlier this year which contributes about $50 billion in financial incentives for these types of firms to thrive on American soil.
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