TSMC ramps up the 7NM production and invests in 5NM chips.
Apple supplier TSMC has announced that it is ramping up the production of the 7NM chips for this year's iPhones. Also, the company has invested $25 billion to move to 5NM chips by 2020.
TSMC's CEO: "Orders for Apple's custom A12 processor for use in the upcoming iPhones will play a major driver of TSMC's 7nm chip production growth in 2018, according to market sources. The foundry has secured 7nm chip orders from about 20 customers including AMD, Bitmain, Nvidia and Qualcomm. The majority of the orders will be carried out in the first half of 2019, the sources said."