Nov 25, 2016 11:48 AM EST By Andrea Tee, UniversityHerald Reporter

The Taiwan semiconductor manufacturing company (TSMC) will be Apple's exclusive partner for the production of A11 CPU chip that is said to be packed in the 2018 iPhones. The device will reportedly sport the new 7-nanometer manufacturing technique for the first time.

According to Apple Insider, TSMC should be ready to start the 7-nanometer manufacturing sometime between fourth quarter of 2017 and first quarter of 2018, thus, giving Apple Inc. an ample time to implement the technology into its 2018 iPhones.

As the tech giant's exclusive supplier of 7-nanometer chips, TSMC takes the power of the chip's technology to usher another era of seamless performance and power efficient iPhones. One of the advantages of using 7nm over 10nm or 16nm is that Apple would probably be able to make its future iPhones even more thinner and lighter due to the shrinking size of the die, The Country Caller has learned.

Furthermore, TSMC needs to polish up its own process in order to achieve the exclusivity over the production of the chipset that will come along in the upcoming iPhones. TSMC has already confirmed that it will fire up a pilot for its 7nm processor in 2017.

Aside from the device's upgraded processor, Apple Inc. is also planning to sport its upcoming iPhone 8 with organic LED and bezel-less displays.

The company is reportedly planning to advance the design and appearance of its future iPhone iteration, with rumors suggesting that the upcoming iPhone 8 will sport a curved, bezel-free display.

The Barclays Research analysts note that iPhone 8 will be borderless with display sizes quoting a 5-inch and 5.8-inch display version, which is bigger than the current 4.7-inch and 5.5-inch.

On the other hand, the major design revamp to OLED display has surfaced, after the tech giant's recent Securities and Exchange Commission 10-K filing revealed information related to the sourcing of OLED screens for the iPhone 8. Analysts found that Apple had placed purchase orders worth at least $4 billion on the OLED displays.

Rumors continue to affirm that the upcoming OLED display after Apple Watch and the newest MacBook Pro already introduced their own OLED technology, which points to the upcoming iPhone iteration receiving the same display.

See Now: Covert Team Inside Newsweek Revealed as Key Players in False Human Trafficking Lawsuit