Main Apple chip partner TSMC had a great earnings report, and to keep up with demand, it is increasing its manufacturing spend by almost 40%. It’s not clear how much this will benefit Apple.
TSMC’s headquarters in Hsinchu, Taiwan
The news comes after TMSC announced bumper quarterly results, which saw its profits increase by 35%. The company’s strong performance is mostly thanks to the current AI boom, which has seen other chipmakers reap similar benefits.
Both TSMC in an earnings report transcript and The Economic Times report that TSMC expects record revenue, thanks, in part, to its place at the forefront of chip technologies.
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