Market
TSMC’s Results Weren’t a Great Sign for Apple
ZivFin AnalysisApr 16, 2026
Apple’s top chip-making partner needs it less and less these days. TSMC, the Taiwanese chip manufacturing giant that makes the main processors for the iPhone and Apple’s other products, posted strong first-quarter results on Thursday that included its highest gross margin in more than 20 years. This could help explain why Apple’s share price slipped around 1% on Thursday following TSMC’s results, even as most other tech stocks rallied.