TSMC founder Morris Chang has revealed that Apple CEO Tim Cook rejected Intel as an iPhone chip manufacturing partner in 2011, and told him
TSMC and Apple's partnership hasn't always been certain, with a new interview detailing how the company fended off an attempt by Intel to become Apple's chip foundry partner in 2011.
Apple reportedly once considered Intel as a partner for iPhone chip production, but per TSMC’s founder, the company didn’t impress Tim Cook.
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TSMC founder says Apple chose TSMC over Intel as their custom chips supplier was because "Intel just does not know how to be a foundry."
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Apple is expanding its US-made chip roster, but according to TSMC’s CEO, the most modern chips will continue being manufactured elsewhere.
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TSMC founder Morris Chang on Acquired podcast says he remembers when Intel approached Apple about iPhone chips, pausing discussions with TSMC.
Apple's Q1/25 results face concerns due to declining iPhone sales in China and lower chip forecasts from TSMC, impacting stock performance. Learn more on AAPL stock here.
Chang saw Apple's move to TSMC was because of Intel's inflexibility, and inability to meet customer's needs. Many of Intel's customers shared that frustration, and Intel always went around acting like they were the only guy for microprocessors,
While taking everything a management team says at face value can be an investing error, checking its historical predictions against actual results is a good way to start trusting what management says.