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TSMC TSM

The world’s largest contract chip manufacturer (foundry).

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What it does

Manufactures chips designed by companies such as Apple, NVIDIA and AMD on the most advanced processes on the market (3 nm and 2 nm), and also offers advanced packaging (CoWoS), essential for AI accelerators.

Ticker
NYSE:TSM
Headquarters
Hsinchu, Taiwan
Founded
1987
Evidence Radar

✓ Evidence

  • Leads the global foundry market by a wide margin.
  • Started volume production of its 2 nm process in late 2025.
  • Already operates a fab in Arizona, USA.

◷ Promises

  • A16 process (1.6 nm class) with backside power delivery.
  • Expand fabs in the US, Japan and Europe.

⚠ What could go wrong

  • Geopolitical tension in the Taiwan Strait.
  • Huge capital spending and higher costs outside Taiwan.
  • Dependence on a few giant customers.

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