Overview
- Citing a Culpium report, Nvidia likely surpassed Apple as TSMC’s largest customer for at least part of 2025.
- TSMC CEO C. C. Wei reportedly told Apple in an August Cupertino visit to expect the biggest price increase in years and the end of guaranteed capacity, a claim not confirmed by Apple.
- TSMC disclosed 2025 revenue of $122 billion, a 36% increase, reflecting surging demand for advanced chips.
- The company plans up to $56 billion in capital spending to expand production, with Wei emphasizing strong confidence in AI-driven growth.
- Coverage suggests Apple could face higher chip costs or tighter supply as it competes with AI clients for TSMC’s most advanced manufacturing lanes.