The shift is expected to be a blow to Intel which draws about 5% of its annual revenue from Apple and is a major customer of AEM.
SINGAPORE (Apr 4): CIMB is keeping AEM Holdings at “add” saying its recent share price decline is a buying opportunity for new investors.
Indeed, shares in the semiconductor equipment manufacturer have fallen by more than 10% to a low of $5.99 on Tuesday after Bloomberg reported that Apple Inc. was planning to use its own chips to replace processors from Intel Corp as early as 2020.
