Apple's new iPhones come with a fresh chip called the A12 Bionic. The company says it's the industry's first 7-nanometer chip and contains 6.9 billion transistors. That statement is true, to an extent: It's the first chip that will be commercially available to the public. Last month, Huawei also announced a 7-nanometer chip called the Kirin 980. It will debut in the company's Mate 20 flagship and sub-brand Honor's Magic 2 sometime in the future. Both Apple and Huawei worked with the Taiwan Semiconductor Manufacturing Company (TSMC) to develop their high-powered silicon, which is why the phones are debuting so close to each other.