This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Apple Reportedly to Hand Over Chip Reins to Taiwan Semi

NEW YORK ( TheStreet) -- Apple (AAPL - Get Report) isn't one to play nice with its competitors, and it looks as if the relationship with Samsung is beginning to come to an end.

Apple reportedly has contracted Taiwan Semiconductor Manufacturing (TSM - Get Report) to start building the A6X chip used in the fourth-gen iPad. Samsung has previously been the manufacturer for Apple's line of chips, but ongoing squabbles between the two technology companies may have played a major role in Apple choosing another partner.

Taiwan Semi will initially do a trial production sometime in the first quarter this year, according to Taiwan's Commercial Times, then move into full scale production later on. It's unclear at this point when Apple products will actually start offering the chips made by Taiwan Semi, as switching manufacturers is a long and complex process.

Apple has had its difficulties with Samsung, as the two companies have been engaged in patent battles in recent years.Apple won a landmark lawsuit against Samsung over the summer, forcing Samsung to pay $1.05 billion in damages.

Shares of Apple were higher in Wednesday trading, gaining 3.16% to $548.97, while Taiwan Semiconductor was tacking on 4.72% to trade at $17.97.

-- Written by Chris Ciaccia in New York

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
TSM $23.59 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs