Apple Competes with Nvidia for TSMC Chip Production Capacity Amid AI Boom

Apple, which once held a dominant position on TSMC's customer list, now needs to fight for production capacity.

When CC Wei visited Cupertino last August, he had bad news for his largest client. Apple would need to acquiesce to the largest price rise in years, TSMC's CEO told its executives.

Tim Cook and his team took the news on the chin. Wei had been telegraphing hikes in earnings calls over the past few quarters, and the Taiwanese chip maker's rising gross margins were testament to its increasing pricing power.

With the continuing AI boom, and e