Apple’s iPhone 15 series may boost TSMC’s performance

This autumn, Apple will usher in its next-generation iPhone 15 series of smartphones, with related preparatory activities presently underway. Previous reports suggested that Foxconn, the contract manufacturer for the iPhone 15 series, has concluded trial production, indicating its readiness to commence mass production of the new models at a moment’s notice, anticipated to enter the volume production phase later this month.

According to related media reports, due to the high demand brought forth by the iPhone 15 series, will stimulate business growth for TSMC. Market analysis institutions forecast that the revenue for the third quarter of 2023 will surge by 11% compared to the preceding quarter. By estimations, TSMC’s revenue for the second quarter of 2023 will approximate $17 billion. Apple, TSMC’s largest client at present, accounts for roughly 23% of its annual revenue.

The high-end models of the iPhone 15 series will be equipped with the A17 Bionic, manufactured using TSMC’s 3nm process. Rumors suggest a larger demand for these models, leading to a possible increase in orders from Apple. Reports highlight that as TSMC’s first customer for the 3nm process, Apple constitutes 90% of the orders for this process node and will also be among the first customers for the pioneering 2nm process.

It is understood that by the end of this year, TSMC’s production capacity for the 3nm process will be capable of yielding approximately 100,000 wafers per month. With the surge in demand, even granting Apple a “special” discount could generate more revenue. Market analysis institutions suggest that the estimated shipment volume for the iPhone 15 series this year will hover around 89 million units.