Originally posted on Gigaom:
Apple(s AAPL) is looking to expand its chip suppliers, and turned to Taiwan Semiconductor Manufacturing Co. (TSMC) with a hefty investment offer and request for exclusive access to a product line. According to Bloomberg report Wednesday, TSMC said no. Apple wasn’t alone; Qualcomm went to TSMC as well with a generous offer and was also denied.
According to the report:
Both proposals included investments, each of more than $1 billion, for the world’s largest custom maker of chips to set aside production dedicated to making chips exclusively for them, said the people, who declined to be identified because the details are not public.