Apple Supplier TSMC Bags Tesla As New Client For EVF Chips - Tesla (NASDAQ:TSLA), Taiwan Semiconductor (NYSE:TSM)

Taiwan Semiconductor Manufacturing Company Ltd TSM would be Tesla, Inc TSLA supplier of choice for its next-generation Full Self-Driving (FSD) computer, Teslarati reported.
The famous Apple Inc AAPL supplier will supply Tesla chips under 4-nm and 5-nm processes.
Tesla could become one of TSMC's largest and most high-profile customers in 2023, marking Tesla's debut as TSMC's first customer in the large-scale EV manufacturing sector.
Tesla's next-generation computer, which TSMC will supply, would feature roughly three times the power of the company's current FSD computer.
Tesla aimed to commercialize its Cybertruck at the end of 2023, two years after the initial target for the long-awaited pickup truck CEO Elon Musk unveiled it in 2019.
In October, Tesla said it worked on readying its Austin, Texas plant to build the new model with "early production" in the middle of 2023.
Rising Taiwan-China and U.S.-China tensions have brought "more serious" challenges for the semiconductor industry, TSMC Chair said Mark Liu at the Taiwan Semiconductor Industry Association's annual convention.
While the chips sector is already bracing for sagging demand as red-hot inflation squeezes spending, Taiwan faces a stricter situation sandwiched between its largest export market China and its main international backer and arms supplier.
TSMC cut its annual investment budget by at least 10% for 2022 and struck a more cautious note than usual on upcoming demand.
Price Action: TSM shares traded lower by 2.26% at $80.40 on the last check Monday.

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