Taiwan Semiconductor Manufacturing Company is commonly identified by the ticker TSM.
TSMC is the world’s largest dedicated semiconductor foundry, meaning it manufactures chips designed by other companies rather than primarily selling chips under its own consumer brand. This specialized model made TSMC a crucial supplier for advanced processors and other integrated circuits.
Its American depositary receipts trade in the United States under TSM. The company’s shares also trade on the Taiwan Stock Exchange under ticker 2330.
TSMC is often discussed alongside the world’s largest companies by market capitalization because demand for advanced chips has made semiconductor manufacturing strategically important. Market value, however, is not the same as manufacturing capacity, revenue, or the number of chips produced.