Tech website cnet.com hints that Apple may be interested in "buying into" a share of an existing chip fab plant on the GlobalFoundries campus in Saratoga County. Cnet says if Apple owned capacity at a fab, it would maintain control over design. The Times Union reports Senator Chuck Schumer has been forging a deal between the iPhone maker and GlobalFoundries that would have the latter manufacturing computer chips for use in Apple devices.
Yesterday, reports circulated about Apple possibly releasing a less expensive iPhone. Today, Phil Schiller, Apple's senior vice president of worldwide marketing, said there's no truth in those reports.