Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a dedicated semiconductor foundry. It manufactures integrated circuits under contract for chip designers and other customers rather than selling chips under its own brand. Revenue comes from wafer fabrication and related manufacturing services, and the company reports net revenue monthly on a consolidated basis. TSMC operates through a global network of wholly-owned and majority-owned subsidiaries:
- TSMC North America, which handles customer-facing activity in the U.S.
- TSMC Arizona, its U.S. manufacturing operation, backed by large parent-company guarantees.
- TSMC Washington, a U.S. manufacturing subsidiary that is funded in part through intercompany loans from TSMC Development.
- TSMC Global, which manages treasury and financing.
- TSMC China and TSMC Nanjing, its manufacturing operations in China.
- Japan Advanced Semiconductor Mfg., Inc., its manufacturing operation in Japan.
The company uses foreign-exchange forward contracts and futures to manage currency and market exposure across these operations. TSMC's shares trade on the Taiwan Stock Exchange (2330), and its American Depositary Shares trade on the NYSE (TSM). Updated
Open-market buying by a sitting director at the world's largest foundry is rare, and Michael Splinter just put roughly $300,000 of his own money in at $357 a share. That lifts his stake about 10% at a moment when the AI capex debate has turned jittery.
Twenty straight quarters of EPS beats land on the line before the open today, with consensus at $4.46 and revenue of $1.45T. The world's foundry monopoly sets the tone for every AI chip name that trades after it.
Taiwan Semiconductor cleared its June 30 peak by 1.99% with a new 52-week high at $485.80, a fresh record for a $2.5 trillion foundry that anchors the entire AI chip supply chain. The next test is whether it holds above the old ceiling.
Nearly two years in Eric Bleeker's AI Portfolio, and the foundry that makes almost every leading AI chip has more than doubled: $1,000 at the October 2024 call is worth about $2,326 today. Anyone waiting for the geopolitical discount to close first has paid for the wait.
Two years in Eric Bleeker's AI Portfolio turned $10,000 into roughly $26,400 on the world's most indispensable chipmaker. The position cleared the double mark long ago and keeps extending as AI foundry demand compounds.
Two years in Eric Bleeker's AI Portfolio, and Taiwan Semiconductor has turned a $10,000 stake into roughly $26,420. The foundry that makes nearly every leading AI chip is still the cleanest way to own the buildout.
Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a dedicated semiconductor foundry. It manufactures integrated circuits under contract for chip designers and other customers rather than selling chips under its own brand.