Apple’s “sweetheart deal” is saving it billions on new chips

The new iPhones are coming next month, and it is bringing a new processor – A17 Bionic – at least the Pro models, and it is expected to be the most powerful among all smartphones.

The credit goes to Taiwan Semiconductor Manufacturing Company (TSMC), which is responsible for producing all of Apple’s custom chips. They have developed a new manufacturing process for smaller, faster, and more energy-efficient chips known as 3 nanometer. Apple will be the first company to receive these 3-nanometer chips from TSMC, almost a year before they are available to other companies.