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Taiwan Semiconductor Manufacturing Company Ltd (NYSE: TSM) would be Tesla, Inc (NASDAQ: TSLA) supplier of choice for its next-generation Full Self-Driving (FSD) computer, Teslarati reported.
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The famous Apple Inc (NASDAQ: AAPL) supplier will supply Tesla chips under 4-nm and 5-nm processes.
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Tesla could become one of TSMC’s largest and most high-profile customers in 2023, marking Tesla’s debut as TSMC’s first customer in the large-scale EV manufacturing sector.
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Tesla’s next-generation computer, which TSMC will supply, would feature roughly three times the power of the company’s current FSD computer.
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Tesla aimed to commercialize its Cybertruck at the end of 2023, two years after the initial target for the long-awaited pickup truck CEO Elon Musk unveiled it in 2019.
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In October, Tesla said it worked on readying its Austin, Texas plant to build the new model with “early production” in the middle of 2023.
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Rising Taiwan-China and U.S.-China tensions have brought “more serious” challenges for the semiconductor industry, TSMC Chair said Mark Liu at the Taiwan Semiconductor Industry Association’s annual convention.
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While the chips sector is already bracing for sagging demand as red-hot inflation squeezes spending, Taiwan faces a stricter situation sandwiched between its largest export market China and its main international backer and arms supplier.
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TSMC cut its annual investment budget by at least 10% for 2022 and struck a more cautious note than usual on upcoming demand.
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Price Action: TSM shares traded lower by 2.26% at $80.40 on the last check Monday.
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