The WSJ reports that Apple is putting together an all-star chip design team, starting with the former CTO of AMD, to work on in-house units for mobile devices. Old habits die hard.

Microsoft's red ring Xbox 360 problems have cost the company about a billion dollars in warranty repairs, but the research vice president and chief analyst at Gartner said that the hardware problems were caused because Microsoft wanted to be cheap. Instead of using an application-specific integrated circuit (ASIC)…