Taiwan Semiconductor Manufacturing Co. (TSM, Financial) saw its stock price increase by 1.38% in pre-market trading, reaching $176.15. The rise comes after reports that Apple will employ TSMC's N3P process for the production of its A20 chips. While Apple has delayed adopting the 2nm process, it plans to use CoWoS packaging for these chips. The A20 chip is scheduled to debut alongside the iPhone 18 series, expected by the end of 2026.
This development indicates a continued strong partnership between Apple and TSMC, highlighting TSMC's leadership in semiconductor manufacturing processes.