Apple reportedly agrees to TSMC chip price hike

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After a report less than a week ago claimed that Apple was balking at paying TSMC more, Apple has allegedly agreed to accept a manufacturing price hike.

In late September, Apple was reported to have rejected TSMC's plan to raise its chip manufacture prices by up to 6%.

Now, a report from Economic Daily News on Tuesday evening suggests that Apple has agreed to the price increase.

TSMC is a major manufacturer when it comes to chips for Apple devices. Apple could likely be the first company to employ TSMC's new 3-nanometer processors for the anticipated A17 in 2023's iPhone 15 Pro.

It's not clear what the price hike is specifically for, either 3nm, later processes, or the next batch of chip production. Apple and TSMC are likely well along in the next round of chip production — which is not an instant process.

TSMC was first rumored in August 2022 to be planning an increase. Shortly afterwards it formally told its customers that the price rise would take place in 2023.