Apple Working On Self-Driving Vehicle Similar To Tesla With TSMC

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Apple Inc is working with its supplier Taiwan Semiconductor Manufacturing Company Ltd. on a chip for an autonomous vehicle, Apple Insider reported Wednesday.

What Happened: The two companies have made concrete plans to set up a factor that will make chips for an “Apple Car” in the United States and in the process of talking with suppliers in the automotive electronics supply chain, Apple Insider reported, citing Taiwanese outlet Digi Times.

The Apple Car model is said to be similar to Tesla Inc
TSLA 2.49%
but further details were not available, as per Apple Insider.

Digi Times record on Apple-related information is mixed. Apple Insider cautioned its readers on the reliability of its source report.

Why It Matters: Apple analyst Ming-Chi Kuo said two years ago that chips from TSMC are expected to be used in Apple’s car effort between 2023 and 2025, Apple Insider reported separately. TSMC is still reportedly considering building a chip manufacturing facility in Arizona.

On Tuesday, the Cupertino, California-based tech giant transferred its self-driving car team — working under the moniker Project Titan — under its artificial intelligence and machine learning head John Giannandrea, according to Bloomberg.

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