TSMC was the first company headquartered in Taiwan to reach a $1 trillion market capitalization.
Taiwan Semiconductor Manufacturing Company crossed that level in July 2024 as investor demand for advanced semiconductor manufacturing and artificial-intelligence hardware lifted its share price. TSMC is the world’s leading dedicated semiconductor foundry.
Unlike an integrated chipmaker that designs and manufactures its own branded processors, TSMC primarily manufactures chips designed by customers. Its clients include major technology companies that rely on advanced production processes.
The company’s importance comes from its manufacturing scale, process technology, and role in global supply chains. Its market value is influenced by demand for smartphones, high-performance computing, data centers, and AI accelerators.