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Apple just paid $18 million to buy a small chipmaking factory

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(Getty Images, Justin Sullivan)

Apple CEO Tim Cook

Apple paid $18.2 million to buy a small chipmaking factory in San Jose that could help the company test new chips to power its products, according to a report in the Silicon Valley Business Journal.

Apple purchased the 70,000-square foot facility from chipmaker Maxim Integrated Products last week, the Business Journal said, citing public records. The facility includes chip manufacturing tools and is located near Samsung Semiconductor, one of the main manufacturers for Apple's A9 processor, the chip at the heart of the iPhone.

Apple currently designs the...


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