News Summary

• Intel has "kicked off" small-scale testing of lower-end iPhone, iPad, and Mac chip fabrication.
• Taiwan's TSMC will remain responsible for more than 90% of Apple's chip supply.
• There is no indication that Intel would play a role in designing the iPhone chips, with its involvement expected to be strictly limited to fabrication.
• All in all, these would be Apple-designed chips manufactured by Intel in the u.s., for use in some lower-ending models.