Pu provided the analysis based on supply chain checks in a new note to investors seen by
MacRumors. Foxconn is said to currently be assembling Apple AI servers that contain the M2 Ultra, with plans to assemble AI servers powered by the
M4 chip in late 2025. Last month, a reputable source on Weibo said that Apple was
working on processors for its own AI servers made with TSMC's
3nm process, targeting mass production by the second half of 2025, which may line up with this report about M4-powered AI servers.