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Tuesday, Oct 9
2012, 7:10 PM
Bernstein believes Apple (AAPL) will migrate its app processor production from Samsung...
Bernstein believes Apple (AAPL) will migrate its app processor production from Samsung (SSNLF.PK) to TSMC (TSM), as many expect, but not right away. The firm thinks Apple will wait for TSMC's 20nm manufacturing process to ramp, something that won't happen until late 2013, too late for a TSMC-made chip to power the next iPhone or iPad. As for Intel (INTC), which recently entered the foundry business, Bernstein thinks an Apple deal could make sense long-term, but doubts one will happen before 2015.