TSMC is Taiwan’s largest listed company by market capitalization and the world’s leading contract chipmaker.
Taiwan Semiconductor Manufacturing Company, commonly called TSMC, manufactures chips designed by other companies. This business model is known as a pure-play foundry: customers supply chip designs, while TSMC operates the manufacturing process and does not sell competing branded processors under its own name.
TSMC’s scale and advanced manufacturing technology have made it a crucial supplier to companies such as Apple and Nvidia. Its importance has grown as smartphones, data centers, automobiles, and AI systems have required increasingly sophisticated semiconductors.
TSMC is listed in Taiwan and also has American depositary receipts traded in the United States. Its market capitalization changes with its share price, but its strategic importance comes from manufacturing capacity, process technology, and a broad customer base rather than from selling finished consumer devices.