AppliPhonee’s chip manufacturer TSMC has reported better than expected revenues for Q4 2023, and says it’s due to AI causing increased demand for high-performance processors.
TSMC has previously been hit with falling demand as smartphone and laptop manufacturers had stockpiled processors during the global chip shortage. By July 2023, it was reporting a fall in profits, but expected the iPhone 15 would help it to rebound.
TSMC has not reported its sales breakdown, so it’s not known what proportion of the 2023 earnings came from Apple. However, despite C.C. Wei’s statement about smartphones generally,it has previously been reported that the iPhone 15 has otherwise broken the smartphone market’s sales slump.
This story originally appeared on Appleinsider
