Apple is planning to invest $10 billion in a chip factory in the US, according to a report.

This is thought to be part of the company's plan to move its iPhone and iPad chip production away from Samsung.

A Times Union report claims that Deloitte is searching for a major semiconductor facility for a "major high-tech manufacturer".

The company has looked at locations in Austin and New York, although the indications are that the New York location is the frontrunner.

A plan for a 3.2 million-square-foot production facility that would cost as much as $10 billion to build has already been pitched to New York economic development officials, according to Times Union. The factory could be situated in Oneida County or Malta, both are in the New York state.

It isn't necessarily Apple who is searching for the factory, the report suggests that the mysterious client may be TSMC (Taiwan Semiconductor Manufacturing Co), widely speculated to be the company that Apple will turn for its chip production. Whoever it is, it seems likely that it is one of the companies vying for the Apple chip business taking note of Apple CEO Tim Cook's promise to bring production back to the USA

According to the Forbes report: "It would be a solid business decision for Apple to make this move but it is not without risks. Given the huge quantities of components needed to make the hundreds of millions of units it sells and the intricacies of these devices Apple does expose itself to product disruptions."

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