TSMC, or Taiwan Semiconductor Manufacturing Company, is the world’s largest dedicated semiconductor foundry by market value.
A dedicated foundry manufactures chips designed by other companies rather than primarily selling chips under its own consumer brand. TSMC’s customers include major technology companies that rely on its advanced manufacturing processes for processors and other integrated circuits.
The company was founded in Taiwan in 1987 by Morris Chang. Its business model helped separate chip design from chip manufacturing, allowing specialized designers to work with a large, independent producer.
TSMC’s market value has been supported by its technological lead in advanced process nodes and by demand for chips used in smartphones, high-performance computing, and artificial intelligence. It is headquartered in Hsinchu, Taiwan, and its shares trade in Taiwan and through American depositary receipts.