Microsoft Looks to Mimick Apple’s Chip Success

In 2020, Apple debuted its first proprietary chip, the M1 chip. The ARM-based M1 chip was seen to be a strong competitor to chips made by competitors such as AMD and Intel. In more recent iterations, the M1 class of chips have grown to great fanfare, giving Macs a real strong edge in the high-end computing space (especially in benchmarks.)

Microsoft took note. Now they want that sweet, sweet proprietary performance for themselves. According to The Verge, the tech giant is reportedly developing a new chip based on ARM tech, specifically for servers and their Surface PC line. To elevate their chances of success, Microsoft shamelessly hired one of Apple’s key engineers, Mike Filippo, to head up the custom chip effort.

In 2019, the company worked with AMD and Qualcomm on custom chips for its Surface Laptop 3 and Surface Pro X devices. Those partnerships have progressed through 2020, but might come to a conclusion if Microsoft develops its own in-house chip. 

Ultimately, this pivot has strong echoes of Apple’s decision to part ways with Intel. And just like in the Apple case, Microsoft will be shading Intel in particular, who has historically benefited from their stronghold in both Mac and PC. However, big tech giants have newfound competition in each other, especially at the rate that they are pivoting to in-house ARM-based processors.

Google is developing its own ARM-based SoC for Chromebook, Amazon already has an ARM-based processor for its AWS server biz, Apple is mopping the floor with the M1 chipset, and it’s only fair that Microsoft has their own new playtoy. How that will fare for existing chip giants is untold. However, what is known is that companies like Taiwan Semiconductor, Samsung, and NVIDIA (who will own ARM once their merger clears antitrust hurdles) will stand to benefit from the push.

Apple Drains EV Resources For AI

After ten years of research and development, Tim Apple is finally pulling the plug on Apple’s electric vehicle (EV) project. Because as we all know, EVs have lost their luster and given way to the business world’s new savior…artificial intelligence (AI). 😇

Bloomberg broke the news today, saying the tech giant disclosed the strategy shift internally and surprised the nearly 2,000 employees working on the project. Executives told staffers the project would begin winding down and that many of the car team’s employees would be shifted to its artificial intelligence division, focused on generative AI. 

Read It

Adobe Leads Day Of Breakups

Most of today’s stories were related to hookups in the market, but we also need to touch on some major breakups. 💔

The first and most prevalent news story was that Adobe and Figma have called off their $20 billion acquisition. The two companies have faced intense scrutiny from European regulators, today saying, “There is no clear path to receive necessary regulatory approvals from the European Commission and the U.K. Competition and Markets Authority.”

Read It

DWAC Bounces Back (Again)

We mentioned last week that investors were preparing for a politically driven 2024, and boy, that accelerated quickly. 😜

Trump-linked stocks Digital World Acquisition Corp, Phunware, and Rumble jumped sharply today after Ron DeSantis canceled his presidential run.

Read It

Only Some EV-Makers Delivered

Electric vehicle (EV) manufacturers came out with their fourth-quarter delivery numbers today, sending their stocks all over the place. 📊

First, let’s start with everyone’s favorite, Tesla, which delivered mixed news to investors. It managed 1.81 million EV deliveries around the globe in 2023, meeting its full-year guidance and narrowly topping the consensus estimates. That was up 38% YoY but slowed from 2022. 

Read It