American multinational Intel shares have dropped more than 7.5% to US$48.12 on the Nasdaq exchange in New York.
The occurrence took place after Bloomberg reported Apple’s plan to use its own brand’s chips for Mac computers in two years, according to Daily Sabah.
Previously, Apple has used chips from other companies such as Qualcomm. However, its focus to bring order to all its hardware and software has encouraged the brand to design its own chips.
Last month, Chief Executive Brian Krzanich said the new chips would secure the products against Meltdown and Spectre, which makes the device vulnerable to malicious attacks.
Intel had fixed issues for devices, but experts still believe the flaws were complex as hardware was deeply involved.