TSMC's silicon wafer price hike could affect Apple's iPhone 13

Apple's longstanding primary source for silicon, the Taiwan Semiconductor Manufacturing Company (TSMC), was expected to hike prices by 15% for its silicon wafers when the auto industry was facing a chip crunch. However, TSMC is yet to hike the prices for its 12-inch wafer. But with Taiwan's water crisis worsening, a price hike is likely and iPhone 13 buyers are expected to bear the brunt.