TSMC is the largest contract chip manufacturer in the world. Companies like Apple, Huawei, Qualcomm, and others send their designs to the Taiwan based foundry where they are manufactured. Last month, the buzz around the water cooler was that Huawei had started moving some of its business away from TSMC and turned it over to SMIC instead. The latter is the largest foundry in China and Huawei might have decided that it felt more secure sending business its way. Currently, Huawei is TSMC’s second-largest customer after Apple, but with President Donald Trump sniffing around TSMC, there is no telling …
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