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Apple's elevation of silicon head Johny Srouji signals sprint to build in-house chips for all devices

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Image accompanies the article at CNBC Technology. No description was extracted from the source.

In naming hardware boss John Ternus as its new CEO on Monday, Apple also announced another key promotion that may be almost as significant in gauging the company's direction.

Key facts

Summary

Taking over for Ternus as head of hardware will be Johny Srouji, who leads the team that makes Apple's in-house chips. Ternus and Srouji make for a formidable pair as Apple marches toward in-house development of all of its chips for iPhones, Macs, AirPods and more. "Because we're not selling chips outside, we focus on the product and that gives us freedom to optimize," Srouji said at the time. In December, Srouji dismissed rumors that he was planning to leave as several other executives were exiting.

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