This piece provides a fair bit of insight: > Apple-TSMC: The Partnership That Built Modern Semiconductors In 2013, TSMC made a $10 billion bet on a single cus

This piece provides a fair bit of insight: > Apple-TSMC: The Partnership That Built Modern Semiconductors In 2013, TSMC made a $10 billion bet on a single customer. Morris Chang committed to building 20nm capacity with uncertain economics on the promise that Apple would fill those fabs. “I bet the company, but I didn’t think I would lose,” Chang later said. He was right. Apple’s A8 chip launched in 2014, and TSMC never looked back. https://newsletter.semianalysis.com/p/apple-tsmc-the-partnership-that-built https://newsletter.semianalysis.com/p/apple-tsmc-the-partner...