TSMC is the world’s largest semiconductor foundry by revenue and a major high-value technology stock.
Taiwan Semiconductor Manufacturing Company, commonly called TSMC, manufactures chips designed by other companies. This contract-manufacturing model is known as a foundry business, and it differs from the integrated-device model used by companies that design and manufacture their own processors.
TSMC was founded in Taiwan in 1987 by Morris Chang. Its advanced process technology and large production capacity made it a crucial supplier for leading chip designers, including companies developing smartphone and artificial-intelligence processors.
TSMC is sometimes confused with a chip-design company. It generally manufactures products created by customers, although its manufacturing expertise and capital investment make it one of the most strategically important semiconductor businesses.