That would be true if other competing offers weren't getting turned away. Nvidia dumped 9 billion dollars into TSMC last year just to get a fools ransom of 5nm wafers. They don't even get the option to buy 3nm, so it's not about 'continued investment' or anything. TSMC is simply optimizing for their most lucrative customer, the failure is not with them but rather capitalism failing to incentivize fair treatment of all their customers. I don't think TSMC or Apple is to blame here, but the displacement of the semiconductor industry has been pretty disastrous over the past 3 years. It needs to stop, and it starts by breaking up nonsense exclusivity deals like this one.