Samsung is planning to start producing chips using its 14nm manufacturing process at the end of the year. It seems the company has managed to secure a deal with Apple and it anticipates a notable sales boost once it begins to deliver on it. Samsung also made the A8 chips apple used on the iPhone 6.

Kim Ki-nam, President of Samsung's semiconductor business told reporters at the company's HQ in Seoul that profits "will improve positively" once the deal goes through. Apple isn't the only Samsung 14nm chip client, however, with Qualcomm and AMD also signing to use the company's 14nm manufacturing process around the end of the year.

Mr. Kim didn't specify when Samsung will start mass production of the chips for Apple and the rest of its clients. Currently, Samsung is responsible for around 30% of the Apple A8 chips, while TSMC is making 70%, according to sources familiar with the matter.

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