Reported about 1 year ago
Apple unveiled its new artificial intelligence features known as Apple Intelligence, focusing on on-device AI processing, text generation, photo editing, and integrating third-party services like ChatGPT. This innovation is expected to increase demand for Taiwan Semiconductor Manufacturing Co. (TSMC)'s chips as these features run on Apple-designed silicon. The edge AI technology limits features to newer devices, potentially driving iPhone upgrades and boosting TSMC's sales. Additionally, Apple's Private Cloud Compute could attract more developers, further increasing demand for TSMC's services and pushing them towards a $1 trillion market cap.
Source: YAHOO