Nowadays, $1 billion doesn't get as much as it used to. That's what Apple reportedly discovered when it and Qualcomm each offered $1 billion for exclusive access to the production output of Taiwan Semiconductor Manufacturing Co., the world's largest chip producer. TSMC turned both companies down flat, reports Bloomberg.
Maybe TSMC has been following the Apple-Samsung trial. Back in 2011, before the two rivals' frenemies relationship had turned downright rabid. The Cupertino, Calif. company plunked down $7.8 billion for Samsung parts, turning it into the South Korean firm's largest customer. TSMC's finance chief wanted nothing of that.