Apple Stock News: 3nm Chips From TSMC to Enter Mass Production
Apple Stock News: TSMC will start mass production of its next-generation 3nm chip process on Thursday, December 29. Expecting that Apple being the primary customer of the new process, which could first be used in upcoming M2 Pro chips expected to power updated MacBook Pro and Mac mini models. Later in 2023, the third generation of Apple silicon, the M3 chip, and the A17 Bionic for the iPhone 15, will be based on TSMC’s enhanced 3nm process.
New Supplier for iPhone 15 Ultra
Apple has enlisted Luxshare to assemble the iPhone 15 Pro Max alongside Foxconn next year. This move will help to reduce Apple’s risks of relying on a single manufacturer following workplace issues at Foxconn in recent months. According to Ming-Chi Kuo, Luxshare and Pegatron had each obtained about 10% of iPhone 14 Pro and iPhone 14 Pro Max orders from Foxconn, but he noted that mass shipments would not begin until late December at the earliest.
Foxconn has experienced “significant strain” since October due to COVID-19 outbreaks at its factory in Zhengzhou, China, resulting in significantly reduced production capacity for iPhone 14 Pro models, according to TrendForce. The research firm said China’s supply chain has also started to experience a labor shortage this month as the Chinese government eased COVID-19 restrictions, leading to the increased spread of the virus. Due to production issues and economic headwinds, TrendForce has lowered its iPhone shipments forecast for the first quarter of 2023 to 47 million units, which would be a year-over-year decline of 22%, according to the research firm.
New iPad Mini in Late 2023
According to analyst Ming-Chi Kuo, Apple is working on a new version of the iPad mini, with mass shipments expected to start towards the end of 2023 or in the first half of 2024. Kuo said a new processor/chip will be the main selling point of the new iPad mini, suggesting that the device will receive only a spec bump. The current iPad mini was released in September 2021 and features an 8.3-inch display, A15 Bionic chip, USB-C port, Touch ID power button, 5G support on cellular models, and more, with pricing starting at $499 in the U.S. with 64GB of storage.