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VOICE ARCHIVE

Tim Culpan

@tculpan
98 posts
2026-01-16
Exclusive to Culpium: Apple is Fighting for TSMC Capacity as Nvidia Takes Center Stage Nvidia is on the verge overtaking Apple as TSMC's top client, as CC Wei delivers hefting price hike to Tim Cook. https://www.culpium.com/...
2026-01-16 View on X
Culpium

Sources: Apple now needs to fight for TSMC production capacity amid the AI boom; Nvidia was likely TSMC's top customer in at least one or two quarters in 2025

[Exclusive] A 15-year relationship helped TSMC grow and Apple leap ahead of rivals.  But now the iPhone maker is struggling …

TSM up 6% ASML up 6% AMD up 6% NVDA up 3% AAPL — er, flat. TSMC's good news isn't good for everyone. Why isn't it good for Apple? Here's a hint: https://www.culpium.com/...
2026-01-16 View on X
Culpium

Sources: Apple now needs to fight for TSMC production capacity amid the AI boom; Nvidia was likely TSMC's top customer in at least one or two quarters in 2025

[Exclusive] A 15-year relationship helped TSMC grow and Apple leap ahead of rivals.  But now the iPhone maker is struggling …

2026-01-15
Exclusive to Culpium: Apple is Fighting for TSMC Capacity as Nvidia Takes Center Stage Nvidia is on the verge overtaking Apple as TSMC's top client, as CC Wei delivers hefting price hike to Tim Cook. https://www.culpium.com/...
2026-01-15 View on X
Reuters

TSMC reports Q4 net profit up 35% YoY to a record ~$16B, above $15.17B est., as it benefited from surging demand for AI chips and hit $100B in 2025 revenue

TSMC, the world's largest contract chipmaker, posted a 35% jump in fourth-quarter net profit on Thursday, beating market forecasts and hitting a record …

TSM up 6% ASML up 6% AMD up 6% NVDA up 3% AAPL — er, flat. TSMC's good news isn't good for everyone. Why isn't it good for Apple? Here's a hint: https://www.culpium.com/...
2026-01-15 View on X
Reuters

TSMC reports Q4 net profit up 35% YoY to a record ~$16B, above $15.17B est., as it benefited from surging demand for AI chips and hit $100B in 2025 revenue

TSMC, the world's largest contract chipmaker, posted a 35% jump in fourth-quarter net profit on Thursday, beating market forecasts and hitting a record …

TSM up 6% ASML up 6% AMD up 6% NVDA up 3% AAPL — er, flat. TSMC's good news isn't good for everyone. Why isn't it good for Apple? Here's a hint: https://www.culpium.com/...
2026-01-15 View on X
Culpium

Sources: Apple now needs to fight for TSMC production capacity amid the AI boom; Nvidia was likely TSMC's top customer in at least one or two quarters in 2025

Here Are 3 ETFs That Cut Magnificent 7 RiskAdam Clark /Barron's Online:Nvidia Stock Pops. Trump, TSMC Are Boosting the AI Chip Maker.Laura Bratton /Yahoo Finance:Chip stocks jump a...

Exclusive to Culpium: Apple is Fighting for TSMC Capacity as Nvidia Takes Center Stage Nvidia is on the verge overtaking Apple as TSMC's top client, as CC Wei delivers hefting price hike to Tim Cook. https://www.culpium.com/...
2026-01-15 View on X
Culpium

Sources: Apple now needs to fight for TSMC production capacity amid the AI boom; Nvidia was likely TSMC's top customer in at least one or two quarters in 2025

Here Are 3 ETFs That Cut Magnificent 7 RiskAdam Clark /Barron's Online:Nvidia Stock Pops. Trump, TSMC Are Boosting the AI Chip Maker.Laura Bratton /Yahoo Finance:Chip stocks jump a...

2025-10-16
Unpopular opinion, but I think TSMC's numbers are bad. And they're bad for the AI boom. AI growth has stalled. HPC (ie AI) contribution to revenue dropped QoQ, and leading-edge contribution was stagnant ... in the iPhone quarter. [image]
2025-10-16 View on X
Bloomberg

TSMC reports Q3 net profit up 39% YoY to ~$14.8B, above est., and raises its 2025 revenue growth projection to the mid-30% range, citing “very strong” AI demand

Taiwan Semiconductor Manufacturing Co. hiked its projection for 2025 revenue growth for the second time this year …

2025-09-18
...yet Apple largely follows the same strategic thinking: keep the White House happy. Patrick McGee's Apple in China surely got attention in the administration, explaining what many in Washington already knew (but pretended not to) about Apple's role in strengthening the PRC
2025-09-18 View on X
Tom's Hardware

Nvidia and Intel partner to develop multiple generations of x86 products; Nvidia will buy $5B of Intel's stock at $23.28 per share, a ~5% stake; INTC jumps 25%+

Cats and Dogs, living together!  —  In a surprising announcement that finds two long-time rivals working together …

Watch out: AMD will buy a stake in Intel, in a similar deal to what Nvidia just announced. Apple is may also consider buying a stake. For the chip designers, it makes sense. Not for the investment thesis, but as protection money.
2025-09-18 View on X
Tom's Hardware

Nvidia and Intel partner to develop multiple generations of x86 products; Nvidia will buy $5B of Intel's stock at $23.28 per share, a ~5% stake; INTC jumps 25%+

Cats and Dogs, living together!  —  In a surprising announcement that finds two long-time rivals working together …

2025-01-08
EXCLUSIVE Just published by Culpium Apple has a second chip at TSMC Arizona, and exclusive details of capacity & ramp at Fab 21. https://www.culpium.com/... [image]
2025-01-08 View on X
Culpium,

Sources: TSMC's Arizona plant is now producing Systems-in-Package for the Apple Watch, almost certainly the S9, in addition to the A16 processor for iPhones

I've finally landed on a name for this publication: Culpium.  Further publishing announcements at the end.

2024-11-01
If China was truly ahead in AI, then why does it need Meta's model for something as important as military applications?
2024-11-01 View on X
Reuters

Researchers linked to China's military used Llama 2 to develop an AI model for potential military use; Meta says use of “outdated” Llama 2 would be “irrelevant”

Top Chinese research institutions linked to the People's Liberation Army have used Meta's publicly available Llama model …

2024-09-18
EXCLUSIVE: Apple's mobile processors are now in production at TSMC Arizona. A major milestone for the US & the CHIPS act. Details inside: https://open.substack.com/... [image]
2024-09-18 View on X
Tim Culpan's Position

Sources: Apple's A16 SoC is currently being manufactured at Phase 1 of TSMC's Fab 21 in Arizona in small, but significant, numbers

[Exclusive] The iPhone maker is set to be the first client of TSMC's new Arizona fab  —  TSMC's first Arizona chips are now in production …

2024-06-04
At almost the exact moment @PGelsinger took to the stage at #Computex , his nemesis at TSMC, Mark Liu, relinquished his board role and thus resigned the chairmanship.
2024-06-04 View on X
Reuters

TSMC Chair C.C. Wei says the company has held talks with customers over moving its plants off Taiwan as China tensions mount but such a move would be impossible

Taiwanese contract chipmaker TSMC (2330.TW), whose major clients include Nvidia and Apple, said on Tuesday it had held talks …

TSMC CEO CC Wei reiterated 2024 outlook: Overall market ex memory +10% Foundry sector growth mid-high teens % (almost 20%) TSMC growth low-mid 20% in USD
2024-06-04 View on X
Reuters

TSMC Chair C.C. Wei says the company has held talks with customers over moving its plants off Taiwan as China tensions mount but such a move would be impossible

Taiwanese contract chipmaker TSMC (2330.TW), whose major clients include Nvidia and Apple, said on Tuesday it had held talks …

TSMC's new chairman throwing shade an hour into the job: Asked about @sama of @OpenAI's reported visit to TSMC and plans to build dozens of AI-chipmaking fabs, TSMC Chairman & CEO CC Wei said: “Sam Altman, he's too aggressive, too aggressive for me to believe”
2024-06-04 View on X
Reuters

TSMC Chair C.C. Wei says the company has held talks with customers over moving its plants off Taiwan as China tensions mount but such a move would be impossible

Taiwanese contract chipmaker TSMC (2330.TW), whose major clients include Nvidia and Apple, said on Tuesday it had held talks …

At TSMC's AGM today in Hsinchu, CEO CC Wei gave the following summery for its 2023 operations: -288 distinct processes -11,895 products -528 different customers -28% of global chip production ex memory
2024-06-04 View on X
Reuters

TSMC Chair C.C. Wei says the company has held talks with customers over moving its plants off Taiwan as China tensions mount but such a move would be impossible

Taiwanese contract chipmaker TSMC (2330.TW), whose major clients include Nvidia and Apple, said on Tuesday it had held talks …

2023-10-18
Just in: Nvidia chief Jensen Huang is the surprise guest at Foxconn's Hon Hai Technology Day 2023. EVs are once again the key theme as Foxconn looks beyond smartphones [image]
2023-10-18 View on X
TechCrunch

Foxconn and Nvidia announce plans to build “AI factories”, a new class of data centers to accelerate the development of autonomous EVs and industrial robots

Nvidia and Foxconn are working together to build so-called “AI factories,” a new class of data centers that promise …

2023-09-04
Just in! Terry Gou resigned from Foxconn's board. For the first time since he founded it 49 years ago, Gou will not be a director. He's running for Taiwan president, and wants to distance himself from the company. (He still owns ~12%, so could vote himself back on later)
2023-09-04 View on X
Reuters

Foxconn founder Terry Gou resigns as a company board member due to “personal reasons”, less than a week after announcing his bid to be Taiwan's next president

2023-09-03
Just in! Terry Gou resigned from Foxconn's board. For the first time since he founded it 49 years ago, Gou will not be a director. He's running for Taiwan president, and wants to distance himself from the company. (He still owns ~12%, so could vote himself back on later)
2023-09-03 View on X
Reuters

Foxconn founder Terry Gou resigns as a company board member due to “personal reasons”, less than a week after announcing a bid to be Taiwan's next president

Terry Gou, the billionaire founder of major Apple (AAPL.O) supplier Foxconn (2317.TW), resigned as a company board member …

2023-05-30
Grace Hopper is in production. 200 billion transistors. [image]
2023-05-30 View on X
Bloomberg

Nvidia announces AI products and updates, including the DGX GH200 supercomputer platform, gaming features, data center networking tools, and a robotics platform

Watch how Jensen Huang very well explains how industry will digitaly transform, and become digital first. … Alan Vaksman : Clear structured communication is still the key to succes...