Apple’s chip boss squashes exit rumors, says he’s not leaving the company

Apple’s chip boss squashes exit rumors, says he’s not leaving the company


Johny Srouji, senior vice president of hardware technologies at Apple Inc., speaks during the Peek Performance virtual event in New York, U.S., on Tuesday, March 8, 2022.

Gabby Jones | Bloomberg | Getty Images

Apple chip leader Johny Srouji addressed rumors of his impending exit in a memo to staff on Monday, saying he doesn’t plan on leaving the company anytime soon.

“I love my team, and I love my job at Apple,” he wrote.

Bloomberg reported on Saturday that Srouji had told CEO Tim Cook that he was considering leaving, citing people with knowledge of the matter.

Srouji is seen as one of the most important executives at the company. He’s in charge of the company’s chip development, which creates the M-series chips used in Macs and the A-series chips at the heart of iPhones.

In addition to developing the chips that enabled Apple to drop Intel from its laptops and desktops, in recent years Srouji’s teams have developed a cellular modem that will replace Qualcomm’s modems in most iPhones.

“I know you’ve been reading all kind of rumors and speculations about my future at Apple, and I feel that you need to hear from me directly,” Srouji wrote in the memo. “I am proud of the amazing Technologies we all build across Displays, Cameras, Sensors, Silicon, Batteries, and a very wide set of technologies, across all of Apple Products.”

Apple has seen several high-profile executive exits in the past weeks.

Last week, Apple announced that its head of artificial intelligence, John Giannandrea, was stepping down.

Two days later, the company announced the departure of Alan Dye, the head of user interface design. Dye, who was behind the “Liquid Glass” redesign, is joining Meta.

A day after Dye’s departure, Apple announced the retirement of general counsel Kate Adams and vice president for environment, policy, and social initiatives Lisa Jackson. Both Adams and Jackson reported directly to Cook.

Apple’s chief operating officer, Jeff Williams, retired this fall.



Source

Recent inflation data was ‘bad news,’ Fed’s Goolsbee says
World

Recent inflation data was ‘bad news,’ Fed’s Goolsbee says

Austan Goolsbee, President and CEO, Federal Reserve Bank of Chicago speaks at The Capital Hilton during the 42nd annual National Association for Business Economics Economic Policy Conference on February 24, 2026 in Washington, DC. Luke Johnson | Getty Images Inflation data last week was “bad news” for the U.S. Federal Reserve and means the Fed […]

Read More
Global week ahead: Is ‘Sell in May’ just a myth?
World

Global week ahead: Is ‘Sell in May’ just a myth?

Futures-options traders work on the floor at the New York Stock Exchange’s NYSE American (AMEX) in New York City, U.S., April 17, 2026. Brendan McDermid | Reuters Conventional wisdom can be a stubborn force. As the trading month of May gets into full swing this week, should investors continue to follow the old adage of […]

Read More
Trump says the U.S. will reduce number of troops in Germany ‘a lot further’ than withdrawal of 5,000
World

Trump says the U.S. will reduce number of troops in Germany ‘a lot further’ than withdrawal of 5,000

U.S. President Donald Trump departs the White House in Washington, D.C., U.S., May 1, 2026. Kevin Lamarque | Reuters President Donald Trump said Saturday the U.S. will significantly reduce its troop presence in Germany, escalating a dispute with Chancellor Friedrich Merz as he seeks to scale back America’s commitment to European security. The Pentagon on […]

Read More