TSMC is the world’s largest semiconductor foundry by revenue and a major market-cap leader.
Taiwan Semiconductor Manufacturing Company, commonly called TSMC, manufactures chips designed by other companies rather than primarily selling chips under its own consumer brand. This business model is known as a pure-play foundry model.
TSMC produces advanced processors for customers including Apple, Nvidia, AMD, and many other technology companies. Its manufacturing expertise and leading-edge process technologies make it a critical part of the global semiconductor supply chain and a major beneficiary of demand for smartphones, data centers, and artificial intelligence.
TSMC’s market capitalization reflects both its scale and its strategic importance. It is listed in Taiwan and also has American depositary receipts in the United States. Its valuation can be influenced by technology leadership, chip demand, supply-chain risks, and tensions involving Taiwan.