Taiwan Semiconductor Manufacturing Company (TSMC) may have reportedly scored Apple’s A-series orders for the next-gen iPhone 7, but with plenty of rivals on its tail it’s not shying away from putting in the work (and, more importantly, the cash) to ensure it stays Apple’s chipmaker of note.
According to TSMC’s co-CEO Mark Liu, this means spending a massive, record-setting $2.2 billion on R&D this year; a significantly higher figure than the $1.067 it spend researching new processes last year.