Apple has announced that it will soon source chips from Samsung for several of its products, including iPhones.

Apple said on Wednesday that Samsung Electronics will supply chips from its production plant in Texas for Apple products including iPhones. "This facility will supply chips that optimize power and performance of Apple products,

Samsung Electronics will produce digital image sensors for Apple in the latest sign that South Korean technology companies are starting to reap the benefits of a series of US investments and President Donald Trump’s aggressive tariff policies.

Apple said on Wednesday it is working with Samsung Electronics at the latter's chip production plant in Texas to "to launch an innovative new technology for making chips."

Apple announced a collaboration with Samsung's Austin-based wafer foundry to develop a new chip technology, though Samsung declined to comment.

Samsung Electronics will produce Apple’s next-generation chips at its U.S. foundry in Texas, the two companies confirmed Thursday. Apple said it is “working with Samsung at its fab in Austin, Texas, to launch an innovative new technology.

Samsung Electronics Co. will produce Apple Inc.'s next-generation chip at its chip foundry plant in Texas, the U.S. tech giant said Thursday, in another major deal for the South Korean tech giant following its recent agreement with Tesla.