[talldayo]

> It'd likely be in Taiwan.

For sampling new nodes and producing the bulk of their chips, sure. But anything that's not tied to ASML doesn't inherently need to take place in Taiwan. TSMC is in a hugely advantaged position with IP and scalability, but I think it's feasible that Apple could test new lithography techniques or large-scale dies in any sort of environment they choose. Nobody is necessarily implying that they're prototyping low-yield iPhone hardware there.