This is almost equivalent to private investment, and will allow TSMC to borrow money to invest in growth.
Apple wants to be anti-competitive.
I'm surprised Apple don't invest directly (e.g. bonds) given that TSMC is so capital intensive and Apple has the money (and this capacity reservation contract concentrates risk, not diversifies it).
This is almost equivalent to private investment, and will allow TSMC to borrow money to invest in growth.
Apple wants to be anti-competitive.
I'm surprised Apple don't invest directly (e.g. bonds) given that TSMC is so capital intensive and Apple has the money (and this capacity reservation contract concentrates risk, not diversifies it).