While what DigiTimes is reporting on is only the first tape out, it is still very interesting to see TSMC hitting 16nm process testing and doing it with the 3D transistor technology we have come to know as FinFET.  It was a 64-bit ARM Cortex-A57 chip that was created using this process, unfortunately we did not get much information about what comprised the chip apart from the slide you can see below.

As it can be inferred by the mention that it can run alongside big.LITTLE chips it will not be of the same architecture, nor will it be confined to cellphones.  This does help reinforce TSMC's position in the market for keeping up with the latest fabrication trends and another solid ARM contract will also keep the beancounters occupied.  You can't expect to see these chips immediately but this is a solid step towards an new process being mastered by TSMC.

"The achievement is the first milestone in the collaboration between ARM and TSMC to jointly optimize the 64-bit ARMv8 processor series on TSMC FinFET process technologies, the companies said. The pair has teamed up to produce Cortex-A57 processors and libraries to support early customer implementations on 16nm FinFET for ARM-based SoCs."

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