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    Home»Finance»A Big Company That Makes Chips for Apple is Growing Into the U.s
    Finance

    A Big Company That Makes Chips for Apple is Growing Into the U.s

    DavidBy DavidDecember 16, 2024No Comments4 Mins Read
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    A Big Company That Makes Chips for Apple is Growing Into the U.s
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    Apple (AAPL) has a lot to be happy about on the 44th anniversary of its initial public offering (IPO). The tech industry leader has had a year of pretty steady growth, with shares going up by almost 29%.

    This week, Apple also released a software update that adds a link between Siri and ChatGPT, which is a long-awaited step forward for artificial intelligence (AI).

    Apple has been in the spotlight a lot lately since the iOS 18.1 update added Apple Intelligence. Users are still getting used to the new AI features on their iPhones. Some of the new tools that will help users get more done are generative writing and the ability to summarise emails and notifications.

    Because Apple is putting more effort into AI, it will need more chips. Luckily, one of Apple’s main chip makers just released good news that will help both the company and Apple.

    A Supplier Of Chips To Apple Has A Good Outlook For Production

    Apple has worked with Taiwan Semiconductor Manufacturing Co. (TSM) for a long time, even before ChatGPT and the start of the current AI change in November 2022.

    It gave the chipmaker a deal in 2010 that helped it get to the top of the semiconductor market. Taiwan Semiconductor has made a name for itself as a chip source for most of Silicon Valley over the past ten years.

    The business is still based in Taiwan, but it is working hard to set up a factory in the United States.

    In Phoenix, Arizona, TSMC just finished building a 3.5-million-square-foot fabrication plant, or “fab,” for short. It’s called the “most advanced chip fab in the country,” and right now it’s in a test program making sample wafers for semiconductors and sending them to customers.

    That’s good for the company because Apple has said it will be its biggest customer at the new factory in Arizona. Tim Cook, Apple’s CEO, recently wrote on X about the company’s relationship with Taiwan Semiconductor. He was excited to say that Apple will soon be using chips made in the United States.

    Major Apple chip supplier is expanding into the U.S. https://t.co/38vTcbsLkR

    — The-Company (@BOBODESIRES) December 16, 2024

    Big things are in store for the U.S. plant from TSMC. By 2030, they plan to spend $65 billion to build two more factories on-site. Rick Cassidy, president and CEO of TSMC Arizona, said that the company is “dang near back on the original schedule” because it wants to be able to make more things in the future.

    This obviously sounds good for the companies that buy its chips, which includes Apple and a number of other big names in the tech industry, such as Nvidia (NVDA) and Advanced Micro Devices (AMD). With more people living in the U.S., it will probably be able to get even more customers as the demand for its chips keeps going up.

    Daniel Newman, CEO of The Futurum Group, recently talked about this with CNBC. He said, “We’ve seen TSMC be able to kind of name its price, and everyone’s going to pay it because right now what’s needed is dependability and quality.”

    TSMC’s Chance In The Chip Market Ahead

    The fact that big tech companies count on Taiwan Semiconductor to make chips has helped the company’s stock price rise a lot. TSMC stock has gone up 96% in the past year, more than Apple and all but one of the Magnificent 7 stocks. Nvidia stock has gone up 171%.

    Alexander Wah, the founder and chief investment officer of New York’s Prince Capital, talked to TheStreet about TSMC stock and the future of the company. He agrees with Newman and says that Taiwan Semiconductor is one of the few companies that can set prices so well.

    He does, however, look at the stock with a fair amount of caution. “I believe that TSMC’s stock will be affected by how well the company continues to meet the goals it sets for itself and tells investors about. This is something they’ve always been good at.”

    Wah also says, “Prince Capital has learnt about a lot of the factors that affect this market by looking at the smaller and mid-sized players in the space.” This coming year, a lot of the company outperformance in the semis and tech space could come from these ones.

    Also Read: Researchers Confirm That a New Security Feature From Apple Restarts Iphones After 3 Days

    TheStreet Pro’s Chris Versace recently wrote about Taiwan Semiconductor’s impressive sales growth. He said, “the company’s combined October and November revenue, which rose 31% year over year, should dampen any questions about AI, data centre, or smartphone demand.”

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