Apple (AAPL, Financial) is advancing its chip design efforts with a focus on creating new chips for future products, including its first smart glasses, new Mac models, and AI servers for the Apple Intelligence platform. Sources indicate that significant progress has been made in developing chips for the smart glasses. This move is seen as a strategic effort to enhance Apple's position in the rapidly evolving tech landscape.
Meanwhile, Meta Platforms (META) had previously launched its Ray-Ban smart glasses, highlighting the competitive landscape in this innovative sector.
