Apple recently introduced its new artificial intelligence features, Apple Intelligence, at its Worldwide Developers Conference. These features include text generation and summarization across apps, advanced AI-assisted photo editing, and an enhanced version of Siri. What sets Apple Intelligence apart is its on-device processing, protecting users' privacy. This move could potentially benefit Apple's supplier, Taiwan Semiconductor Manufacturing Co., as all new features run on Apple-designed chips. Moreover, Apple is leading the way in on-device AI processing, which could spur other device makers to buy more advanced chips from TSMC. Apple's Private Cloud Compute system further enhances its AI capabilities, allowing for the processing of more complex data and algorithms. With a strong iPhone upgrade cycle on the horizon and increased demand for AI chips, TSMC's growth potential could propel the company to a $1 trillion valuation.