A detailed look at the Apple-TSMC relationship: Apple's annual spend at TSMC rose 12x, from $2B in 2014 to $24B in 2025, and once made up 25% of TSMC's revenue
As we discussed, surging AI demand from $NVDA, $AMD, and $AVGO has fundamentally shifted the foundry power dynamic. I believe $AAPL's importance and pricing leverage over $TSM will continue to diminish in the foreseeable future. As Vera Rubin ramps up on 3nm in 2026, Apple's sh…