Apple appears ready to further embarrass chip giant Intel with another powerful in-house processor for its computers. In characteristically bombastic terms, Apple has described its new M1 Ultra chip as “the most powerful chip ever built for a personal computer.” It’s set to be used in the new Mac Studio computer, one of several products unveiled at an online Apple Event on Tuesday. For the M1 Ultra, two smaller M1 Max chips are connected together – with an interconnection technology also developed at Apple. This marks another blow to Intel, and the chip leader is particularly proud of its so-c…