NVIDIA's CEO Jensen Huang said on June 5th that TSMC's stock price is too low, and he agrees with new TSMC chairman C. C. Wei's idea about TSMC's value. Jensen promised to support TSMC in charging more for their wafers and a type of packaging called CoWoS. An article from TrendForce says that NVIDIA...
What he won’t support is them raising prices mostly for Nvidia. TSMC has done this in the past as a clear move to cut nuisance production, and nvidia’s books are full of nonsense orders that they can’t possibly fill. Wei isn’t an idiot, unless Nvidia fronts a lot of cash, it’s unlikely to work out in Jensen’s favor.
And what if Nvidia does front a lot of cash (similar to how Apple bankrolls new nodes)?
Not saying this is happening or will happen, but it is a distinct possibility.
Then they’re going to have to compete with Apple on pricing, and nothing would make TSMC happier than Apple and NVIDIA in a bidding war for fab facilities.
TSMC would love such a setup, although I feel Apple will demand a measure of loyalty (and to my limited understanding Apple hates Nvidia).