TSMC, formally Taiwan Semiconductor Manufacturing Company, is the world’s largest semiconductor foundry.
A semiconductor foundry manufactures chips designed by other companies rather than primarily selling chips under its own consumer brand. TSMC pioneered this dedicated-foundry model and became a crucial manufacturing partner for companies such as Apple and Nvidia.
TSMC’s advanced manufacturing processes have made it one of the most valuable companies in Asia and a central company in the global technology supply chain. Its importance increased as demand grew for powerful processors used in smartphones, data centers, and artificial-intelligence systems.
TSMC was founded in 1987 in Hsinchu, Taiwan, with Morris Chang as its founding chairman. It is commonly called TSMC, while its English legal name is Taiwan Semiconductor Manufacturing Company Limited. Its market capitalization varies with semiconductor demand and broader technology-market conditions.