Taiwan Semiconductor Manufacturing Company declined Apple’s bid

Aug 29, 2012 15:51 GMT  ·  By

The company headquartered at 1 Infinite Loop, Cupertino, California run by Tim Cook has reportedly failed to secure exclusive access to chip supplies by Taiwan Semiconductor Manufacturing Company (TSMC), who was once said to be considering creating the A6 SoC (system on a chip) for Apple.

A Bloomberg Businessweek piece reveals that both Apple Inc. and Qualcomm bid over $1 billion / €800 million, but Taiwan Semiconductor Manufacturing Company wouldn’t barge.

According to data compiled by Bloomberg Industries, “the two companies are trying to satisfy booming demand for smartphones, a market estimated by to be worth $219.1 billion.”

The agency specifically points out that Apple is attempting to pull away from Samsung, the primary manufacturer of silicon chips for its iPhones and iPads. Apple and Samsung are also archrivals in the smartphone space, as well as in the tablet PC industry.

Qualcomm, for its part, “needs to boost supply, since shortages are starting to limit earnings,” according to the report.