Looks like what this means is not that TSMC or Apple fold or even meet in the middle… the article implies that it’s sort of a stalemate that results in a short

Looks like what this means is not that TSMC or Apple fold or even meet in the middle… the article implies that it’s sort of a stalemate that results in a short term lose-lose: products may get delayed or not be as good as they might otherwise be, investments get pushed out, etc. Maybe Apple sees this (if we don’t pay, no one else will, so we don’t lose to another, but we don’t get the new fab) and thinks this is the optimal outcome. They are batting down the hatches prepared for a recession (and impacts of a super strong dollar), and cutting spending ahead of an expected demand drop.