Apple plans to replace Intel chips in Macs with its own in 2020

Apple is planning to replace Intel processors in Mac computers with chips it designs itself beginning as early as 2020, Bloomberg News reported on Monday.

The move is part of a larger strategy to make all of Apple's devices, including Macs, iPhones, and iPads, more compatible, Bloomberg reported, quoting unidentified people familiar with the matter.

It would mean Apple could bring new features to all of its products more quickly and differentiate them from the competition.

The initiative, code-named Kalamata, is in its early stages, the report said, adding that the project has been approved by executives.

The shift would be a blow to Intel, with Apple currently providing as much as 5 percent of its revenue, according to Bloomberg. Intel shares closed down about 6 percent on the news. (dpa)