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Apple May Give Samsung the Boot for iPhone 7 Chip Orders

After the “chipgate” event of the Apple’s iPhone 6s in which Samsung-manufactured A9 processors were rumored to perform worse than those built by Taiwan Semiconductor Manufacturing Company (TSMC) As per latest report suggests that Apple may give its South Korean fernery the boot, and award 100% of its iPhone 7 A10 chip orders to TSMC.

The report comes courtesy of HSBC bank, which has raised its opinion on TSMC stock from Neutral to buy claiming that the world most famous company will regain 100% market share of Apple’s A10 production in next year 2016. This amazing deal is likely to bring in more than US$300 million in sales in 2016 and hit approximately US$1 billion in 2017.

Apple Sales Drop 20% at Target During Second Quarter

Should this rumor turn out to be correct, Apple’s orders will rise from 14% of TSMC’s business this year to 24% in 2016? This latest report backs up a previous one claiming that TSMC will be Apple’s exclusive supplier for the next-gen A10 processor, and that volume production will kick off in the month of March 2016. Via Source