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The Apple Square

Apple agrees to TSMC chip price increase after refusing to last week

Last week a report from Economic Daily News claimed that Apple refused to accept the price increase of future chips from TSMC, but a new report from Economic Daily News claims that Apple has accepted the price increases for new chips.


The report claims that TSMC has told its customers that effective January 1, 2023 it plans to raise the prices of its 8-inch chip wafers by 6% and 12-inch chip wafers by 5%.


Apple is TSMC's largest customer, TSMC supplies Apple with chips that powers its devices like the iPhone, iPad, Mac, and more.


Economic Daily News has reported that the chip shortage is still affecting the industry and price increases are inevitable due to them.


TSMC is also working on Apple's new A17 and M3 chip which is rumored to be the first chip built on a 3-nanometer process.


It's unclear what kind of effects this will have on Apple's lineup of products and pricing.

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