Taiwan Semiconductor Manufacturing Co Ltd logo

Taiwan Semiconductor Manufacturing Co Ltd

$ 80.69 -0.11 (-0.14%) 08:10 PM EST
P/E:
13.90
P/B:
4.46
Market Cap:
$ 409.72B
Enterprise V:
$ 377.70B
Volume:
13.62M
Avg Vol (2M):
16.58M
Also Trade In:
Volume:
13.62M
Market Cap $:
409.72B
PE Ratio:
13.90
Avg Vol (2-Month):
16.58M
Enterprise Value $:
377.70B
PB Ratio:
4.46

Business Description

Description
Taiwan Semiconductor Manufacturing Co. is the world's largest dedicated chip foundry, with over 57% market share in 2021 per Gartner. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public as an ADR in the U.S. in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious customer base, including Apple, AMD, and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs.