Taiwan Semiconductor January Sales Surge 37%, Apple and Google OK UK App Store Reforms
Taiwan Semiconductor saw a 37% year-on-year increase in January sales, boosting its stock and underscoring strong demand from Apple for advanced 3nm chips. Apple and Google agreed to UK App Store reforms allowing third-party payment processors and app distribution, potentially reducing App Store commissions on in-app purchases.
1. TSMC January Sales Jump
Taiwan Semiconductor reported a 37% year-on-year increase in January sales, driven by robust demand for its 3nm and 5nm chip offerings. The stock rally reflects confidence in its manufacturing partnerships with major clients, including Apple’s upcoming device lineup.
2. UK App Store Reforms
Apple and Google have committed to UK-mandated App Store changes under the Digital Markets Act, permitting developers to use alternative payment systems and distribute apps outside their official stores. These reforms aim to lower commission rates on in-app transactions and foster greater competition in app distribution.