TSMC became the first Asian semiconductor manufacturer to surpass a $1 trillion market capitalization in July 2024.
Taiwan Semiconductor Manufacturing Company crossed the threshold as its American depositary receipts rose in July 2024. TSMC is the world’s leading dedicated semiconductor foundry: it manufactures chips designed by other companies rather than primarily selling chips under its own consumer brand.
Its importance grew with demand for advanced processors used in artificial intelligence, smartphones, data centers, and high-performance computing. TSMC’s customers include major chip designers, while its manufacturing leadership depends on advanced process technology and large-scale fabrication plants.
The company is headquartered in Hsinchu, Taiwan, and is listed on both the Taiwan Stock Exchange and the New York Stock Exchange through depositary receipts. Market-cap rankings can differ by trading venue and currency, so milestone dates may vary slightly by calculation method.