The Taiwan semiconductor manufacturing company TSMC has reported the orders for the A series chips from Apple for their upcoming iPhone 7. Apple is investing a lot of money for their upcoming iPhone 7. According to TSMC’s CEO Mark Liu Apple is spending a massive amount of $2.2 billion on the research and development this year. They have nearly doubled up their spending in the R&D from the last year.

Liu says that TSMC is one of the industry’s first of its own kind of the chip makers who have built 7‐nanometer chips and sooner they will be also launching their 10 NM chips in the market. The 10 NM chips are also expected to be launching for volume production sooner in the market. TSMC is aggressively following u with the demand of the market to gain an outside edge in the market from other companies. On the other hand TSMC is also aggressively developing their new chips in the market which is so called their specialty including the 55nm and 40nm ULP processes.

Looking at the interest of the Apple in the upcoming automobile sector TSMC’s CEO Liu says that he would also like to develop something here for the company. Liu is very much interested in serving Apple for the automobile industry too. Earlier this year TSMC has also spent $81.8 million in buying some of the facilities equipment from M+W High Tech Projects from Taiwan and United Integrated Services. Apple has partnered with TSMC to gain an edge over the competitors. Apple has buckled up for their upcoming Apple iPhone 7. This will be the largest feature of the company in 2016. Indeed a big moment for the company, Apple is possibly meeting every corner to match the expectation of the consumers. They have added certain really interesting features for differentiating their gadget with the other devices in market.