# EP 134: Apple iPhones and Tensor Cores, Synopsis Earnings, Hock's Comments at Goldman

- Show: [The Circuit](https://hardwarepodcasts.com/podcast/the-circuit)
- Published: 2025-09-14
- Length: 1h 03m
- Episode: 135
- Page: https://hardwarepodcasts.com/podcast/the-circuit/2025-09-14-ep-134-apple-iphones-and-tensor-cores-synopsis-earnings-hocks-comments-at-goldma
- Listen: https://share.transistor.fm/s/3358b8ac

## Summary

Ben Bajarin and Jay Goldberg discuss Apple's recent iPhone launch, highlighting the new iPhone Air's engineering marvels and the strategic addition of neural cores (tensor cores) to the GPU for on-device AI workloads. They analyze Synopsys's disappointing earnings, attributing the stock drop to geopolitical issues in China and a canceled project with Intel, while noting the broader EDA market consolidation. The conversation concludes with Broadcom's aggressive AI custom silicon strategy under Hock Tan, Nvidia's new CPX inference system, and the complex debt financing fueling the AI infrastructure boom involving Oracle, Microsoft, and OpenAI.

## Chapters

- [0:06](https://hardwarepodcasts.com/podcast/the-circuit/2025-09-14-ep-134-apple-iphones-and-tensor-cores-synopsis-earnings-hocks-comments-at-goldma#t=6) Introduction: The Circuit and Apple Event Overview
- [1:34](https://hardwarepodcasts.com/podcast/the-circuit/2025-09-14-ep-134-apple-iphones-and-tensor-cores-synopsis-earnings-hocks-comments-at-goldma#t=94) Apple iPhone Architecture: Neural Cores in GPU and NPU Strategy
- [15:07](https://hardwarepodcasts.com/podcast/the-circuit/2025-09-14-ep-134-apple-iphones-and-tensor-cores-synopsis-earnings-hocks-comments-at-goldma#t=907) iPhone Air Design: PCB Integration, Durability, and Form Factor
- [19:10](https://hardwarepodcasts.com/podcast/the-circuit/2025-09-14-ep-134-apple-iphones-and-tensor-cores-synopsis-earnings-hocks-comments-at-goldma#t=1150) Apple's Vertical Integration: Modem, Networking, and RF Chips
- [25:57](https://hardwarepodcasts.com/podcast/the-circuit/2025-09-14-ep-134-apple-iphones-and-tensor-cores-synopsis-earnings-hocks-comments-at-goldma#t=1557) Synopsys Earnings: Geopolitics, Intel Cancellation, and Stock Drop
- [37:14](https://hardwarepodcasts.com/podcast/the-circuit/2025-09-14-ep-134-apple-iphones-and-tensor-cores-synopsis-earnings-hocks-comments-at-goldma#t=2234) Intel Foundry Prospects and EDA Ecosystem Risks
- [42:38](https://hardwarepodcasts.com/podcast/the-circuit/2025-09-14-ep-134-apple-iphones-and-tensor-cores-synopsis-earnings-hocks-comments-at-goldma#t=2558) Broadcom's AI Silicon Strategy and Hock Tan's Comments
- [53:28](https://hardwarepodcasts.com/podcast/the-circuit/2025-09-14-ep-134-apple-iphones-and-tensor-cores-synopsis-earnings-hocks-comments-at-goldma#t=3208) Nvidia CPX System and AI Inference Hardware
- [55:48](https://hardwarepodcasts.com/podcast/the-circuit/2025-09-14-ep-134-apple-iphones-and-tensor-cores-synopsis-earnings-hocks-comments-at-goldma#t=3348) AI Infrastructure Financing: Oracle, Neo Clouds, and Debt

## Topics

- [PCB design & layout](https://hardwarepodcasts.com/topic/pcb-design)
- [Microcontrollers & dev platforms](https://hardwarepodcasts.com/topic/microcontrollers-and-platforms)
- [Chips, FPGAs & semiconductors](https://hardwarepodcasts.com/topic/chips-and-fpgas)
- [Scaling production](https://hardwarepodcasts.com/topic/scaling-production)
- [Fundraising & investors](https://hardwarepodcasts.com/topic/fundraising)
- [Policy, trade & tariffs](https://hardwarepodcasts.com/topic/policy-trade-and-tariffs)

## Most relevant to

large enterprises

## Mentioned

- Apple (company)
- iPhone Air (product)
- A19 (chip)
- Synopsys (company)
- Intel (company)
- Broadcom (company)
- Hock Tan (other)
- Nvidia (company)
- CPX (product)
- Oracle (company)
- OpenAI (company)
- Microsoft (company)

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- [2025 Finale: Yann LeCun Raises $3B, Domain Addiction Confessions & Built 2 Scale Year Wrap](https://hardwarepodcasts.com/podcast/built-2-scale/2025-12-22-2025-finale-yann-lecun-raises-3b-domain-addiction-confessions-built-2-scale-year) (Built 2 Scale)
- [Nvidia’s GTC | Boeing 737 Max | AI Special Projects](https://hardwarepodcasts.com/podcast/ee-times-current/2019-03-22-nvidias-gtc-boeing-737-max-ai-special-projects) (EE Times Current)
- [CEO Interview: Mike Henry of Mythic | The Biggest Chip Deal Ever | Do Androids Dream of Electric Smartphones?](https://hardwarepodcasts.com/podcast/ee-times-current/2020-09-18-ceo-interview-mike-henry-of-mythic-the-biggest-chip-deal-ever-do-androids-dream) (EE Times Current)
- [China’s $28B Big Fund | The Cockiest Startup | Sony’s Ambitions](https://hardwarepodcasts.com/podcast/ee-times-current/2019-11-22-chinas-28b-big-fund-the-cockiest-startup-sonys-ambitions) (EE Times Current)

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