Apple ( AAPL ) nears switch from Broadcom ( AVGO ) to iPhone, home wireless chip

Apple Inc.‘s ambitious plan to create internal components for its devices will include switching to a homegrown chip for Bluetooth and Wi-Fi connections starting next year, a move that will replace some parts currently supplied by Broadcom Inc.

The chip, codenamed Proxima, has been in development for several years and is now slated to enter the first products in 2025, according to people familiar with the matter. Like Apple’s other in-house chips, Proxima will be produced by partner Taiwan Semiconductor Manufacturing Co.