Apple Hunts for AI Chip Acquisitions

Apple is on the lookout for acquisitions of chip companies to boost its efforts to build server chips for running AI, said people familiar with the company’s efforts.

In recent months, the iPhone maker has talked with bankers about possible deals. It has also approached semiconductor startups to gauge their interest in selling themselves, the people said. Apple’s hunt for chip acquisitions comes as the company struggles with the performance of its own internal AI servers, which currently run on internally designed M2 Ultra chips.