Apple (AAPL -0.57%) has the ability to make or break smaller players in the tech space.

By granting or taking away its business, the tech giant has the ability to sway the fortunes of even established names in the tech sector -- and it seems another such moment might be upon us.

Apple's battles with mobile arch-nemesis Samsung are well documented, both in and out of the court room, and it's this epic rivalry that has Apple looking to shift as much business away from the Korean conglomerate as possible.

Investors have waited for some time now to see how much Taiwan Semiconductor (TSM -4.70%) -- the long-rumored likely successor to Apple's fabrication business -- will realize of this windfall. The two companies already have a deal in place, but if recent reports are right, Taiwan Semiconductor might surprise investors. In this video, Fool contributor Andrew Tonner looks at the recent news and its potential implications for Apple and Taiwan Semiconductor.