Taiwan Semiconductor Manufacturing Company became the first publicly traded company headquartered in Taiwan to exceed a $1 trillion market value.
TSMC is the world’s leading dedicated semiconductor foundry. Rather than selling chips mainly under its own consumer brand, it manufactures designs created by companies such as Apple, Nvidia, and AMD. Its advanced manufacturing processes made it central to the supply of high-performance processors.
Investor demand for artificial-intelligence hardware helped drive TSMC’s valuation upward. The company’s position in advanced chip production gave it an important role in the expansion of data centers, smartphones, personal computers, and other electronic systems.
TSMC is also commonly referred to by its English initials, while its Chinese name is Taiwan Semiconductor Manufacturing Company. Its American depositary receipts trade in New York, but the company is headquartered and principally listed in Taiwan.