Apple accepts TSMC chip price hike for its future devices, including the rumored iPhone 15 lineup and the M3 chip of the upcoming Mac mini and MacBook.

A previous report notes that the giant chipmaker TSMC is looking to increase its prices. But the iPhone maker initially refused to agree with the hike.

iphone 15

(Photo : Getty Images)
WUHAN, CHINA – MAY 21: People wait in line to enter the new Apple retail store at Wuhan International Plaza on May 21, 2022 in Wuhan, Hubei Province, China. According to local media reports, this is the first Apple store to open in Wuhan, and the 44th store in mainland China.

Apple Agrees with TSMC Chip Price Hike

However, this time, as per the latest report by the Economic Daily News,  Apple has finally agreed with the TSMC chip price increase.

The news outlet claims that the renowned chip maker also reached out to NVIDIA regarding its price hike plan. TSMC reportedly told the iPhone maker and NVIDIA that it is looking to increase the price of its 12-inch and 8-inch chip by 5% and 6%, respectively.

According to a recent report by Apple Insider, the Cupertino-based tech giant reportedly rejected the chip price hike last September.

But this time, the recent report suggests that the giant phone maker has changed its mind. The iPhone maker has reportedly agreed to the price TSMC chip hike that the Taiwanese firm wishes to impose.

TSMC Chips and Apple

It is worth noting that Apple is one of the biggest clients of the giant chip maker. TSMC powers various Cupertino offerings, such as the Mac, iPhone, and iPad.

Phone Arena reports that the tech juggernaut is actually behind roughly 25% of the revenue of the Taiwanese chip maker.

9to5 Mac says in the same news story that TSMC is responsible for the all-new A16 Bionic chip, which powers the higher-end iPhone 14 Pro models. The latest Apple chip uses a 4-nanometer (nm) technology.

However, reports say that TSMC is now working to build a new Bionic chip that follows the 3nm process, the A17. And this upcoming chip is gearing up to run the rumored flagship smartphone of Apple, the iPhone 15, by 2023.

It is to note that the Taiwanese chip maker is also reportedly working on the next M3 chips for MacBooks, Macs, and iPad.

iPhone 15 Price Increase?

Phone Arena highlights that the chip price increase is likely to force the Cupertino giant to also hike the cost of its higher-end iPhone 15 Pro and Ultra offerings.

iphone 15

(Photo : Getty Images)
WUHAN, CHINA – SEPTEMBER 16: (CHINA OUT) Customers look at the new iPhone14 at an Apple store on September 16,2022 in Wuhan. Hubei, China.

However, it remains to be seen how Apple seeks to approach the pricing of its upcoming devices, given that their chips are reportedly more expensive.

Written by Teejay Boris

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