TSMC’s role as sole supplier of Apple’s A10 chip sees record profits & share price

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Taiwan Semiconductor Manufacturing Company winning sole supplier status for Apple's A10 chip has seen the company achieve both record profits and share price, reports Bloomberg.

The $156 billion company now accounts for 16 percent of Taiwan's entire equity market value, the biggest proportion according to data stretching back 13 years, and none of the 33 analysts who cover it recommend selling the shares.

While analysts are bullish about the company's prospects, they do warn that the company is heavily dependent on the iPhone's fortunes, with one observing that 'any hiccup on iPhone sales this and next year could have a big impact on TSMC.'

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