Apple’s 3nm chip demand to drop in 2024: Report

SAN FRANCISCO: Apple’s 3nm chipsets, which are just beginning to hit the market, with the Apple A17 Pro being the first, are expected to see a decline in demand in 2024.

According to Apple analyst Ming-Chi Kuo, demand for this emerging technology may be weak next year, prompting major players to take a step back.

Apple is expected to reduce orders for 3nm chips next year, forcing the Netherlands-based semiconductor company ASML to reduce EUV equipment shipment by 20 to 30 per cent.

“The sharp decline is attributed to the end of work-from-home (WFH) demand and diminishing user appeal for the new specifications (Apple Silicon and Mini-LED). Looking ahead to 2024, Apple’s 3nm demand is negatively impacted by the lack of growth drivers for MacBook and iPad,” Kuo wrote in a blog on Medium.

In 2023, Apple’s MacBook and iPad shipments declined significantly by approximately 30 per…



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