<p>Apple is preparing to launch its long-awaited series of cellular modem chips next year, which will replace components from longtime partner Qualcomm , Bloomberg News reported on Friday.</p><p>The iPhone maker is looking to ultimately overtake Qualcomm's technology by 2027, the report said, citing people familiar with the matter.</p><p>Qualcomm, a leading designer of modem chips that connect phones to mobile data networks, has warned investors that Apple will eventually stop using its chips.</p><p>The chip designer has a deal to keep selling chips to Apple until at least 2026 and investors are keen to see if Qualcomm's push into laptops and AI-powered data centers can accelerate quickly enough to compensate for potential drops in revenue from Apple.</p> .Bengaluru Police recover stolen Apple AirPods within 20 minutes of filing complaint.<p>Apple's new component is set to feature in the iPhone SE, the company's entry-level smartphone, which is scheduled for its first update since 2022 next year, the <em>Bloomberg News report</em> said, adding that it will be followed by further generations of increasingly advanced chips.</p><p>Qualcomm did not immediately respond to Reuters' request for comment, while Apple declined to comment.</p><p>The iPhone maker has been working on its own modem technology and spent $1 billion to buy Intel's modem unit in 2019.</p><p>In early 2019, Reuters reported that Apple moved its modem engineering efforts into the same chip design unit that makes the custom processors for its devices, signaling a doubling down on the pursuit of self-designed modem chip.</p><p>Last year, Apple signed a multi-billion-dollar deal with chipmaker Broadcom to develop 5G radio frequency components. Such a deal could hurt companies such as Skyworks Solutions and Qorvo, both of which are Apple suppliers.</p>
<p>Apple is preparing to launch its long-awaited series of cellular modem chips next year, which will replace components from longtime partner Qualcomm , Bloomberg News reported on Friday.</p><p>The iPhone maker is looking to ultimately overtake Qualcomm's technology by 2027, the report said, citing people familiar with the matter.</p><p>Qualcomm, a leading designer of modem chips that connect phones to mobile data networks, has warned investors that Apple will eventually stop using its chips.</p><p>The chip designer has a deal to keep selling chips to Apple until at least 2026 and investors are keen to see if Qualcomm's push into laptops and AI-powered data centers can accelerate quickly enough to compensate for potential drops in revenue from Apple.</p> .Bengaluru Police recover stolen Apple AirPods within 20 minutes of filing complaint.<p>Apple's new component is set to feature in the iPhone SE, the company's entry-level smartphone, which is scheduled for its first update since 2022 next year, the <em>Bloomberg News report</em> said, adding that it will be followed by further generations of increasingly advanced chips.</p><p>Qualcomm did not immediately respond to Reuters' request for comment, while Apple declined to comment.</p><p>The iPhone maker has been working on its own modem technology and spent $1 billion to buy Intel's modem unit in 2019.</p><p>In early 2019, Reuters reported that Apple moved its modem engineering efforts into the same chip design unit that makes the custom processors for its devices, signaling a doubling down on the pursuit of self-designed modem chip.</p><p>Last year, Apple signed a multi-billion-dollar deal with chipmaker Broadcom to develop 5G radio frequency components. Such a deal could hurt companies such as Skyworks Solutions and Qorvo, both of which are Apple suppliers.</p>