ARM Holdings (NASDAQ: ARMH) is the primary semiconductor company behind the processors Apple (NASDAQ: AAPL) devices are run on. But it’s not the only one.
There’s probably no industry that exemplifies the global nature of manufacturing and trade more than the tech industry. And Apple is a primary mover in that arena: It gets computer chips designed by ARM, then licenses those designs and processes to other companies around the world, which both manufacture the chips and build on the designs, adding value and customizing them to Apple’s needs.