Intel shares drop on report that Apple will move Macs to in-house chips in 2020

Apple is actively planning to move away from using Intel-series processors in its Macintosh computers, according to a new report today from Bloomberg. The move to Apple in-house chips is expected to take place in 2020, and the story led Intel’s stock to drop as much as 9.2 percent since publication. Shares have since recovered some of their losses.

According to Bloomberg, Apple’s move from Intel Core-series CPUs to Apple-developed processors is code-named “Kalamata,” and it’s planned to increase the seamlessness of transitioning between the company’s various computing platforms — desktop, laptop, tablet, phone, and watch alike. An earlier report said that Apple is developing “Marzipan,” a version of MacOS that will run iOS apps, blurring the line between the Mac and iPad platforms.