TSMC was the first Asian semiconductor manufacturer to exceed a $1 trillion market capitalization.
Taiwan Semiconductor Manufacturing Company passed the $1 trillion mark in 2024 as investors increased their expectations for advanced chips used in artificial intelligence and high-performance computing. TSMC is the world’s largest dedicated semiconductor foundry, manufacturing chips designed by other companies.
TSMC was founded in Taiwan in 1987 by Morris Chang. Its foundry model helped separate chip design from chip fabrication, allowing companies such as Nvidia, AMD, and Apple to develop products without owning comparable manufacturing networks.
TSMC is often confused with Samsung Electronics because both are major Asian chip businesses. Samsung makes memory and logic chips and also sells consumer electronics, while TSMC is especially associated with contract manufacturing for semiconductor designers.