After recently launching devices based on its M2 Pro and M2 Max chipsets, Apple is working on releasing devices based on its third-generation Apple Silicon chips.

According to Bloomberg’s Mark Gurman, Apple is working on new MacBook Air and iMac models powered by the yet-unannounced Apple M3.

Apple’s M3 chipset will be manufactured using a 3nm process, according to the report, and is expected to be announced later this year or early next year. Both Apple MacBook Air and Apple iMac will launch on the same timeline.

Earlier this year, it was reported that the Apple M3-powered MacBook Air in 13-inch and 15-inch models, as well as a new iMac, would be launched. It appears, however, that this new chipset and devices won’t be available anytime soon, at least not for a few months.

As compared to the 5nm chips, Taiwan Semiconductor Manufacturing Company (TSMC) reports that its 3nm processors are 15 percent faster and consume 30 percent less power. By 2026, the company could begin manufacturing 3nm chips in the United States.

In addition to MacBook Air and iMac models powered by M3 chips, reports indicate Apple will launch MacBook Pro models in the first half of 2024.