Taiwan Semiconductor Manufacturing Co Ltd
TWSE:2330
Taiwan Semiconductor Manufacturing Co Ltd
In the heart of Asia's dynamic tech landscape stands Taiwan Semiconductor Manufacturing Co. Ltd., more commonly known as TSMC, a titan that has redefined how the world approaches semiconductor production. Born from Taiwan's burgeoning tech aspirations in 1987, TSMC emerged as a revolutionary force by embracing a business model unlike any before it: the pure-play foundry model. Rather than engaging in the traditional integrated device manufacturing, TSMC focused solely on fabricating semiconductors for its clientele, which included a diverse array of electronic device giants, from smartphone makers to automotive and industrial tech leaders. By harnessing cutting-edge technology and maintaining relentless dedication to R&D, TSMC became indispensable to its customers, transforming into the world's largest dedicated independent semiconductor foundry.
What sets TSMC apart is its distinctive ability to produce high-performance chips at a scale and precision that few can rival. The company earns its revenue primarily by offering fabrication capabilities and comprehensive services—a meticulously orchestrated process where the amalgamation of customer's design blueprints and TSMC’s advanced manufacturing prowess brings microchips to life. With clients ranging from industry stalwarts like Apple, NVIDIA, and AMD to a host of nascent tech startups, TSMC thrives on its capacity to deliver everything from the most advanced 3nm chips to more mature node technologies. This versatility not only ensures a steady stream of revenue but also fortifies TSMC's niche as the linchpin of the semiconductor supply chain, steering the very heart of modern electronics.
In the heart of Asia's dynamic tech landscape stands Taiwan Semiconductor Manufacturing Co. Ltd., more commonly known as TSMC, a titan that has redefined how the world approaches semiconductor production. Born from Taiwan's burgeoning tech aspirations in 1987, TSMC emerged as a revolutionary force by embracing a business model unlike any before it: the pure-play foundry model. Rather than engaging in the traditional integrated device manufacturing, TSMC focused solely on fabricating semiconductors for its clientele, which included a diverse array of electronic device giants, from smartphone makers to automotive and industrial tech leaders. By harnessing cutting-edge technology and maintaining relentless dedication to R&D, TSMC became indispensable to its customers, transforming into the world's largest dedicated independent semiconductor foundry.
What sets TSMC apart is its distinctive ability to produce high-performance chips at a scale and precision that few can rival. The company earns its revenue primarily by offering fabrication capabilities and comprehensive services—a meticulously orchestrated process where the amalgamation of customer's design blueprints and TSMC’s advanced manufacturing prowess brings microchips to life. With clients ranging from industry stalwarts like Apple, NVIDIA, and AMD to a host of nascent tech startups, TSMC thrives on its capacity to deliver everything from the most advanced 3nm chips to more mature node technologies. This versatility not only ensures a steady stream of revenue but also fortifies TSMC's niche as the linchpin of the semiconductor supply chain, steering the very heart of modern electronics.
Revenue Growth: TSMC reported Q4 2025 revenue of $33.7 billion, up 1.9% sequentially and slightly ahead of guidance; full-year 2025 revenue rose 35.9% YoY to $122 billion (USD).
Profitability: Gross margin for Q4 2025 rose to 62.3%, beating the high end of guidance by 130 bps; operating margin climbed to 54%.
Strong AI Demand: Management emphasized robust and accelerating AI-related demand, with AI accelerator revenue making up a high-teens percentage of total in 2025 and expected to drive growth for years.
CapEx Surge: 2026 capital budget guided to $52–56 billion, up significantly from 2025, with 70–80% allocated to advanced technology as TSMC invests to meet strong AI and leading-edge demand.
Guidance Raised: Q1 2026 revenue expected at $34.6–35.8 billion (up ~4% QoQ and 38% YoY midpoint); gross margin guided to 63–65%.
Global Expansion: TSMC is accelerating expansion in Arizona, Japan, and Europe, with multiple new fabs under construction to meet customer needs, particularly in AI.
Dividend Growth: 2025 dividend per share increased to TWD 18 from TWD 14 in 2024; at least TWD 23/share planned for 2026.
Management
Dr. C. C. Wei is the Chief Executive Officer (CEO) of Taiwan Semiconductor Manufacturing Company Limited (TSMC), a leading semiconductor foundry globally. He holds a Ph.D. in Electrical Engineering from Yale University and has an extensive background in the semiconductor industry. Dr. Wei joined TSMC in 1998 and has held numerous leadership positions within the company, including being the Senior Vice President of Business Development and the Chief Operating Officer (COO) before becoming the CEO in 2018. Under his leadership, TSMC has continued to advance its technology node processes, maintaining its position at the forefront of semiconductor innovation. Dr. Wei's expertise and strategic vision have been instrumental in TSMC's growth and success in meeting the increasing global demand for advanced chips.
Dr. Wei joined TSMC in 1998 and has held numerous leadership positions within the company, including being the Senior Vice President of Business Development and the Chief Operating Officer (COO) before becoming the CEO in 2018. Under his leadership, TSMC has continued to advance its technology node processes, maintaining its position at the forefront of semiconductor innovation. Dr. Wei's expertise and strategic vision have been instrumental in TSMC's growth and success in meeting the increasing global demand for advanced chips.
Jen-Chau Huang is a noted executive associated with Taiwan Semiconductor Manufacturing Company Limited (TSMC), a prominent player in the semiconductor industry. He has played an important role in TSMC's expansion and technological advances. Under his leadership, the company has made significant strides in semiconductor manufacturing, particularly in advanced process technologies, which have solidified TSMC's position as a key supplier for major tech firms globally. His contributions to the company have been marked by a commitment to innovation and efficiency. Further detailed information about his career trajectory or specific contributions might require specialized resources or official company announcements.
Dr. Y. J. Mii is a senior executive at Taiwan Semiconductor Manufacturing Company (TSMC), where he has played a significant role in the company's technological advancements. He serves as the Senior Vice President of Research & Development. In his role, Dr. Mii oversees the company's cutting-edge research initiatives and the development of new semiconductor technologies, including the advancement of next-generation process nodes. Dr. Mii has been instrumental in driving the innovation that positions TSMC as a leader in the semiconductor industry. He joined TSMC in 1994 and has since contributed substantially to the development and implementation of advanced semiconductor technologies, helping the company maintain its competitive edge in the global market. His expertise and leadership have been critical in the company's efforts to pioneer new manufacturing techniques and enhance the performance and efficiency of semiconductor products. Before joining TSMC, Dr. Mii had a distinguished career in technology research and development, which provided a strong foundation for his contributions to TSMC's success. His academic background and professional experience have equipped him with the skills necessary to lead TSMC's R&D team in a highly dynamic and competitive industry.
Dr. Mii has been instrumental in driving the innovation that positions TSMC as a leader in the semiconductor industry. He joined TSMC in 1994 and has since contributed substantially to the development and implementation of advanced semiconductor technologies, helping the company maintain its competitive edge in the global market. His expertise and leadership have been critical in the company's efforts to pioneer new manufacturing techniques and enhance the performance and efficiency of semiconductor products.
Before joining TSMC, Dr. Mii had a distinguished career in technology research and development, which provided a strong foundation for his contributions to TSMC's success. His academic background and professional experience have equipped him with the skills necessary to lead TSMC's R&D team in a highly dynamic and competitive industry.
Dr. Horng-Dar Lin is a distinguished executive at Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC), one of the leading semiconductor manufacturing companies in the world. At TSMC, Dr. Lin has made significant contributions to the advancement of semiconductor technology and is recognized for his expertise in this field. Dr. Lin holds a strong academic background with a focus on engineering and semiconductor technology, which has greatly informed his role at TSMC. His work involves overseeing key research and development initiatives to enhance TSMC's manufacturing capabilities and technological prowess. In addition to his technical expertise, Dr. Lin is known for his leadership skills, guiding teams to innovate and maintain TSMC's competitive edge in the semiconductor industry. His contributions are pivotal in ensuring that TSMC continues to deliver high-quality products to its global clientele, driving the company's success in a rapidly evolving market.
Dr. Lin holds a strong academic background with a focus on engineering and semiconductor technology, which has greatly informed his role at TSMC. His work involves overseeing key research and development initiatives to enhance TSMC's manufacturing capabilities and technological prowess.
In addition to his technical expertise, Dr. Lin is known for his leadership skills, guiding teams to innovate and maintain TSMC's competitive edge in the semiconductor industry. His contributions are pivotal in ensuring that TSMC continues to deliver high-quality products to its global clientele, driving the company's success in a rapidly evolving market.
Jeff Su is known for his role as an executive at Taiwan Semiconductor Manufacturing Company (TSMC), a leading semiconductor foundry. TSMC is a vital player in the global technology industry, emphasizing cutting-edge semiconductor manufacturing. Within TSMC, Jeff Su serves as an important figure with responsibilities likely centered around corporate governance, strategic planning, or operations, given TSMC's complex and expansive influence in the semiconductor market. Although specific details about his background and role may not be widely publicized, it is common for individuals in his position to work on advancing innovative technological solutions and maintaining TSMC’s position within the competitive landscape of global electronics manufacturing. TSMC plays a crucial role in the supply chain for various sectors including consumer electronics, automotive, and telecommunications, which suggests that Jeff Su might contribute significantly to these operational or strategic initiatives.
Within TSMC, Jeff Su serves as an important figure with responsibilities likely centered around corporate governance, strategic planning, or operations, given TSMC's complex and expansive influence in the semiconductor market. Although specific details about his background and role may not be widely publicized, it is common for individuals in his position to work on advancing innovative technological solutions and maintaining TSMC’s position within the competitive landscape of global electronics manufacturing.
TSMC plays a crucial role in the supply chain for various sectors including consumer electronics, automotive, and telecommunications, which suggests that Jeff Su might contribute significantly to these operational or strategic initiatives.
Sylvia Fang is known for her role as a legal executive at Taiwan Semiconductor Manufacturing Company Limited (TSMC), where she holds the position of Vice President of Legal and General Counsel. In this capacity, she is responsible for overseeing the company’s legal affairs, which includes providing legal guidance and support for a wide array of matters such as intellectual property, corporate governance, compliance, and transactions. As a key figure in TSMC's leadership team, Fang plays an essential role in managing the legal risks associated with the company's operations and its strategic initiatives. Her work is vital for ensuring that TSMC, a leading semiconductor manufacturer, navigates the complex legal landscape of the global technology industry effectively.
Elizabeth Sun is a well-regarded figure in the corporate communications field, particularly known for her role at Taiwan Semiconductor Manufacturing Company Limited (TSMC). She served as the Senior Director of Corporate Communications at TSMC, where she was responsible for managing the company's communications strategies, media relations, and public image. Her work played a significant role in shaping the perception of TSMC as a leading entity in the global semiconductor industry. Elizabeth Sun has been recognized for her effective communication skills and her ability to navigate the complexities of the tech industry while maintaining the company’s reputation and stakeholder engagement.
Ms. Li Mei He Ho is a notable executive at Taiwan Semiconductor Manufacturing Company Limited (TSMC). She has played a significant role in one of the world's leading semiconductor and technologies companies. As an executive at TSMC, Ms. Ho has contributed to the strategic direction and growth of the company, helping to oversee various aspects of its operations and business strategies. TSMC is renowned for its advanced semiconductor manufacturing processes and serves as a key supplier for numerous global tech giants. Executives like Ms. Ho are integral in navigating the company through the rapidly changing technological landscape, ensuring TSMC maintains its competitive edge in semiconductor innovation and production. Her leadership likely involves collaborating with engineering teams, managing business operations, and formulating strategies to drive the company's success. Ms. Ho's work contributes significantly to TSMC's impact on the global semiconductor industry.
TSMC is renowned for its advanced semiconductor manufacturing processes and serves as a key supplier for numerous global tech giants. Executives like Ms. Ho are integral in navigating the company through the rapidly changing technological landscape, ensuring TSMC maintains its competitive edge in semiconductor innovation and production.
Her leadership likely involves collaborating with engineering teams, managing business operations, and formulating strategies to drive the company's success. Ms. Ho's work contributes significantly to TSMC's impact on the global semiconductor industry.
Dr. Wei-Jen Lo is a prominent figure associated with Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC), a leading semiconductor manufacturing company. He has contributed significantly to the company's technological advancements and innovations in semiconductor manufacturing. With a robust background in engineering and technology, Dr. Lo has played a key role in driving research and development initiatives, focusing on enhancing the efficiency and performance of semiconductor processes and devices. His work often involves collaborating with cross-functional teams to push the boundaries of semiconductor technology and maintain TSMC's position as a global leader in the industry. Dr. Lo's expertise in semiconductor physics and engineering has been instrumental in the company's ongoing success and technological leadership.
