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The world’s largest contract chipmaker is raising prices by as much as 20%, people familiar with the matter say, a move that could cause consumers to pay more for electronics.
Taiwan Semiconductor Manufacturing Co. plans to increase the prices of its most advanced chips by about 10 percent, while less advanced chips used by customers like automakers will cost about 20 percent more, the people said. The higher prices will generally take effect at the end of this year or next year, the people said.
Apple Inc. is one of TSMC’s largest customers and its iPhones use advanced microprocessors made in TSMC’s foundries. It could not be determined how much more Apple would pay.
A TSMC spokeswoman declined to comment on pricing, but said the company is working closely with customers. An Apple spokeswoman did not immediately respond to a request for comment.
The price increases follow a global semiconductor shortage that has hit Apple and most automakers, including General Motors Co. and Toyota Motor Corp. , the company’s biggest money maker. Last week, Toyota announced it would cut production by 40% in September.
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