Intel is sinking on news that Apple will make its own ARM-based processors for Mac computers

Apple will build its own processors for its laptops, Bloomberg reported on Monday, sending Intel shares down sharply.

These processors will be included in laptops as soon as 2020, and will be based on the ARM processor architecture, according to the report, which cites anonymous sources.

Intel currently sells Apple the processors it uses for Mac computers.

Intel's stock, which was already trading down in the broader market's sell-off on Monday, plummeted further and were down roughly 9% at $47.55 in midday trading.

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