View source for Company:TSMC

{{short description|Taiwanese semiconductor foundry company}}
{{EngvarB|date=August 2016}}

{{Infobox company
| name = Taiwan Semiconductor Manufacturing Company Limited
| logo = [[File:Tsmc.svg|200px]]
| logo_caption = 
| image = TSMC factory in Taichung's Central Taiwan Science Park.jpg
| image_caption = One of TSMC's factories in Taichung's Central Taiwan Science Park
| trading_name = 
| native_name = 台積電
| native_name_lang = zh-tw
| romanized_name =
| former_name =
| former type =
| type = [[Finance:Public company|Public]]
| traded_as = {{unbulleted list|{{TSE|2330}} | {{NYSE|TSM}} }}
| ISIN = {{ISIN|sl=n|pl=y|US8740391003}}
| industry = {{Unbulleted list
  | [[Physics:Semiconductor|Semiconductor]]s
}}
| fate =
| predecessor =
| successor =
| foundation = Industrial Technology Research Institute, Hsinchu, Taiwan<br />({{Start date and age|1987|2|21|df=y}})
| founder = Morris Chang
| defunct = <!-- {{End date|YYYY|MM|DD}} -->
| location_city = Hsinchu Science Park
| location_country = Taiwan
| locations = <!-- Number of locations, stores, offices, etc. -->
| area_served = Worldwide
| key_people = {{unbulleted list|Mark Liu (Chairman)|C.C. Wei (CEO and vice-chairman)}}
| products = 
| brands =
| production = {{unbulleted list|{{increase}}15 million 12-inch equivalent wafers (2022)}}
| services = {{hlist|Manufacture of integrated circuits|mask services|integrated circuits packaging|multi wafer foundry services}}
| revenue = {{increase}} {{US$|73.67&nbsp;billion|link=yes}} (2022)
| operating_income = {{increase}} {{US$|36.49 billion}} (2022)
| net_income = {{increase}} {{US$|32.32 billion}} (2022)
| assets = {{nowrap|{{increase}} {{US$|161.6 billion}} (2022)}}
| equity = {{increase}} {{US$|94.95 billion}} (2022)
| owner =
| num_employees = {{increase}} 73,090 (2022)
| parent =
| divisions =
| subsid = {{unbulleted list|WaferTech|TSMC Nanjing Company Ltd.|[[Company:SSMC|SSMC]]|JASM}}
| homepage = {{URL|https://www.tsmc.com/|tsmc.com}}
| footnotes =<ref>{{cite web |title=Taiwan Semiconductor Manufacturing Company |url=http://www.tsmc.com/ |access-date=19 May 2014 |publisher=TSMC |archive-date=6 November 2017 |archive-url=https://web.archive.org/web/20171106011113/http://www.tsmc.com/ |url-status=live }}</ref><ref name=AR>{{cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/0001046179/000119312523107214/d428519d20f.htm |title=TSMC Ltd 2022 Annual Report (Form 20-F) |date=20 April 2023 |website=SEC.gov |publisher=U.S. Securities and Exchange Commission |access-date=30 July 2023 |archive-date=25 June 2023 |archive-url=https://web.archive.org/web/20230625183047/https://www.sec.gov/ix?doc=/Archives/edgar/data/0001046179/000119312523107214/d428519d20f.htm |url-status=live }}</ref>
| bodystyle =
| module = {{Infobox Chinese|child=yes
| t = 台灣積體電路製造股份有限公司
| tl= Tâi-uân tsik-thé tiān-lōo tsè-tsō kóo-hūn iú-hān kong-si
| poj=Tâi-oân chek-thé tiān-lō͘ chè-chō kó͘-hūn iú-hān kong-si
| p = Táiwān Jītǐ Diànlù Zhìzào Gǔfèn Yǒuxiàn Gōngsī
| w = T'ai<sup>2</sup>-wan<sup>1</sup> Chi<sup>1</sup>-t'i<sup>3</sup> Tien<sup>4</sup>-lu<sup>4</sup> Chih<sup>4</sup>-tsao<sup>4</sup> Ku<sup>3</sup>-fen<sup>4</sup> You<sup>3</sup>-hsien<sup>4</sup> Kung<sup>1</sup>-ssŭ<sup>1</sup>
| bpmf = ㄊㄞˊ ㄨㄢ ㄐㄧ ㄊㄧˇ ㄉㄧㄢˋ ㄌㄨˋ ㄓˋ ㄗㄠˋ ㄍㄨˇ ㄈㄣˋ ㄧㄡˇ ㄒㄧㄢˋ ㄍㄨㄥ ㄙ
| altname = Abbreviation
| t2 = 台積電
| tl2= Tâi-tsik-tiān
| poj2= Tâi-chek-tiān
| p2 = Tái Jī Diàn
| w2 = T'ai<sup>2</sup> Chi<sup>1</sup> Tien<sup>4</sup>

}}
}}

'''Taiwan Semiconductor Manufacturing Company Limited''' ('''TSMC'''; also called '''Taiwan Semiconductor''')<ref>{{cite web |author=Zacks Equity Research |date=13 April 2021 |title=What's in Store for Taiwan Semiconductor's (TSM) Q1 Earnings? |url=https://finance.yahoo.com/news/whats-store-taiwan-semiconductors-tsm-113811337.html |access-date=2021-04-17 |website=Yahoo! Finance |language=en-US |archive-date=14 October 2022 |archive-url=https://web.archive.org/web/20221014141202/https://finance.yahoo.com/news/whats-store-taiwan-semiconductors-tsm-113811337.html |url-status=live }}</ref><ref>{{cite web |author=The Value Portfolio |date=16 April 2021 |title=Taiwan Semiconductor Stock: Great Company, But Valuation Too High (NYSE:TSM) |url=https://seekingalpha.com/article/4419429-taiwan-semiconductor-is-great-company-too-high-of-valuation |access-date=2021-04-17 |website=SeekingAlpha |language=en |archive-date=16 December 2021 |archive-url=https://web.archive.org/web/20211216003614/https://seekingalpha.com/article/4419429-taiwan-semiconductor-is-great-company-too-high-of-valuation |url-status=live }}</ref> is a Taiwanese [[Finance:Multinational corporation|multinational]] [[Physics:Semiconductor|semiconductor]] contract manufacturing and design company. It is the world's second most valuable semiconductor company,<ref>{{Cite news |last1=Chiang |first1=Sheila |date=20 July 2023 |title=TSMC reports first profit drop in 4 years as electronics demand slump continues |publisher=CNBC |url=https://www.cnbc.com/2023/07/20/tsmc-q2-earnings.html |access-date=22 October 2023}}</ref> the world's largest [[Physics:Foundry model#Dedicated foundry|dedicated]] independent ("[[Finance:Pure play|pure-play]]") semiconductor foundry,<ref>{{cite news |title=Advanced Technology Key to Strong Foundry Revenue per Wafer |url=http://www.icinsights.com/news/bulletins/advanced-technology-key-to-strong-foundry-revenue-per-wafer/ |access-date=14 July 2019 |work=IC Insights |date=12 October 2018 |archive-date=14 July 2019 |archive-url=https://web.archive.org/web/20190714212722/http://www.icinsights.com/news/bulletins/advanced-technology-key-to-strong-foundry-revenue-per-wafer/ |url-status=live }}</ref> and its country's largest company,<ref>{{Cite news |date=17 April 2020 |title=Taiwan chipmaker TSMC's earnings soar 91%, Companies & Markets News & Top Stories |work=The Straits Times |agency=Bloomberg |url=https://www.straitstimes.com/business/companies-markets/taiwan-chipmaker-tsmcs-earnings-soar-91 |access-date=4 May 2020 |archive-date=2 May 2020 |archive-url=https://web.archive.org/web/20200502143057/https://www.straitstimes.com/business/companies-markets/taiwan-chipmaker-tsmcs-earnings-soar-91 |url-status=live }}</ref><ref>{{Cite news |last=Strong |first=Matthew |date=24 March 2020 |title=Taiwan chip giant TSMC wants 30,000 employees to work from home |work=Taiwan News |url=https://www.taiwannews.com.tw/en/news/3903344 |access-date=4 May 2020 |archive-date=2 May 2020 |archive-url=https://web.archive.org/web/20200502100528/https://www.taiwannews.com.tw/en/news/3903344 |url-status=live }}</ref> with headquarters and main operations located in the Hsinchu Science Park in Hsinchu, Taiwan. It is majority owned by foreign investors,<ref>{{Cite news |date=17 March 2016 |title=TSMC becomes safe haven for foreign investors; market cap hits high |work=Taiwan News |agency=Central News Agency |url=https://www.taiwannews.com.tw/en/news/2896622 |access-date=2021-04-17 |archive-date=26 March 2022 |archive-url=https://web.archive.org/web/20220326110547/https://www.taiwannews.com.tw/en/news/2896622 |url-status=dead }}</ref> and the central government of Taiwan is the largest shareholder.<ref>{{Cite web|url=https://asia.nikkei.com/Companies/Taiwan-Semiconductor-Manufacturing-Co.-Ltd|title=Taiwan Semiconductor Manufacturing Company Limited (2330)|work=Nikkei Asia |access-date=14 May 2023 }}</ref>

TSMC was founded in Taiwan in 1987 by Morris Chang as the world's first dedicated semiconductor foundry. It has long been the leading company in its field.<ref name="profile">{{cite web |title=Company Info |url=http://www.tsmc.com/english/aboutTSMC/company_profile.htm |access-date=20 December 2010 |publisher=TSMC |archive-date=6 November 2017 |archive-url=https://web.archive.org/web/20171106025256/http://www.tsmc.com/english/aboutTSMC/company_profile.htm |url-status=live }}</ref><ref>{{cite web |title=D&R Foundry Corner – TSMC |url=http://www.design-reuse.com/foundry/technology/?prov=20 |access-date=18 May 2014 |publisher=Design & Reuse |archive-date=22 May 2014 |archive-url=https://web.archive.org/web/20140522182610/http://www.design-reuse.com/foundry/technology/?prov=20 |url-status=live }}</ref> When Chang retired in 2018, after 31 years of TSMC leadership, Mark Liu became chairman and C. C. Wei became Chief Executive.<ref>{{cite web|last=Jennings|first=Ralph|title=How Taiwan Chipmaker TSMC Will Prosper For 5 More Years Without Its Iconic Founder|url=https://www.forbes.com/sites/ralphjennings/2018/06/10/how-taiwan-chipmaker-tsmc-will-prosper-for-5-more-years-without-its-iconic-founder/|access-date=9 July 2020|website=Forbes|language=en|archive-date=9 July 2020|archive-url=https://web.archive.org/web/20200709144104/https://www.forbes.com/sites/ralphjennings/2018/06/10/how-taiwan-chipmaker-tsmc-will-prosper-for-5-more-years-without-its-iconic-founder/|url-status=live}}</ref><ref>{{cite web|last=Horwitz|first=Josh|title=After spawning a $100 billion industry, Taiwan's "godfather" of computer chips is retiring|url=https://qz.com/1294385/morris-chang-retires-from-taiwans-tsmc-as-computer-chips-godfather/|access-date=9 July 2020|website=Quartz|date=5 June 2018|language=en|archive-date=10 July 2020|archive-url=https://web.archive.org/web/20200710233600/https://qz.com/1294385/morris-chang-retires-from-taiwans-tsmc-as-computer-chips-godfather/|url-status=live}}</ref> It has been listed on the Taiwan Stock Exchange (TWSE: 2330) since 1993; in 1997 it became the first Taiwanese company to be listed on the [[Company:New York Stock Exchange|New York Stock Exchange]] (NYSE: TSM). Since 1994, TSMC has had a [[Compound annual growth rate|compound annual growth rate]] (CAGR) of 17.4% in revenue and a CAGR of 16.1% in earnings.<ref>{{cite web|last1=11 March|first1=Tim Phillips {{!}}|last2=TSM|first2=2020 {{!}} More on|date=11 March 2020|title=Forget China Mobile. Buy This Stock to Play the 5G and AI Supercycle|url=https://www.fool.hk/en/2020/03/11/forget-china-mobile-buy-this-stock-to-play-the-5g-and-ai-supercycle/|access-date=9 July 2020|website=The Motley Fool Hong Kong|language=zh-hans|archive-date=5 August 2020|archive-url=https://web.archive.org/web/20200805074803/https://www.fool.hk/en/2020/03/11/forget-china-mobile-buy-this-stock-to-play-the-5g-and-ai-supercycle/|url-status=dead}}</ref>

Most of the leading fabless semiconductor companies such as [[Company:Advanced Micro Devices|AMD]], [[Company:Apple Inc.|Apple]], [[Engineering:ARM Holdings|ARM]], [[Company:Broadcom Inc.|Broadcom]], [[Company:Marvell Technology Group|Marvell]], [[Company:MediaTek|MediaTek]], [[Company:Qualcomm|Qualcomm]] and [[Company:Nvidia|Nvidia]], are customers of TSMC, as are emerging companies such as [[Company:Allwinner Technology|Allwinner Technology]], [[Company:HiSilicon|HiSilicon]], Spectra7, and [[Company:UNISOC|UNISOC]].<ref>{{Citation |last=Abrams |first=Randy |title=Asia Semiconductor Sector (Sector Review) |series=Asia Pacific Equity Research |publisher=Credit Suisse |pages=1, 3 |date=25 November 2013}}</ref> Leading [[Programmable logic device|programmable logic device]] companies [[Company:Xilinx|Xilinx]] and previously [[Company:Altera|Altera]] also make or made use of TSMC's foundry services.<ref>{{cite web |last=Nenni |first=Daniel |date=25 April 2013 |title=Morris Chang on Altera and Intel |url=http://www.semiwiki.com/forum/content/2272-morris-chang-altera-intel.html |access-date=23 May 2014 |publisher=SemiWiki |archive-date=29 August 2018 |archive-url=https://web.archive.org/web/20180829000254/http://www.semiwiki.com/forum/content/2272-morris-chang-altera-intel.html |url-status=live }}</ref> Some [[Engineering:Integrated device manufacturer|integrated device manufacturer]]s that have their own [[Engineering:Semiconductor fabrication plant|fabrication facilities]], such as Intel, NXP, [[Company:STMicroelectronics|STMicroelectronics]] and [[Company:Texas Instruments|Texas Instruments]], outsource some of their production to TSMC.<ref>{{cite news |url=http://www.oregonlive.com/business/index.ssf/2009/03/intel_outsourcing_some_atom_ma.html |title=Intel Outsourcing Some Atom Manufacturing to TSMC |work=The Oregonian |date=2 March 2009 |access-date=15 October 2010 |archive-date=23 December 2017 |archive-url=https://web.archive.org/web/20171223215800/http://www.oregonlive.com/business/index.ssf/2009/03/intel_outsourcing_some_atom_ma.html |url-status=live }}</ref><ref>{{cite news |last=Loukil |first=Ridha |url=https://www.usinenouvelle.com/article/stmicroelectronics-envisage-la-creation-de-deux-usines-de-puces-avec-l-aide-des-etats-francais-et-italien.N597638 |title=STMicroelectronics envisage la création de deux usines de puces avec l'aide des Etats français et italien |language=fr |work=Ousine Nouvelle |date=9 October 2017 |access-date=2 February 2018 |archive-date=14 September 2018 |archive-url=https://web.archive.org/web/20180914132223/https://www.usinenouvelle.com/article/stmicroelectronics-envisage-la-creation-de-deux-usines-de-puces-avec-l-aide-des-etats-francais-et-italien.N597638 |url-status=live }}</ref> At least one semiconductor company, [[Company:LSI Corporation|LSI]], re-sells TSMC wafers through its [[Engineering:Application-specific integrated circuit|ASIC]] design services and design [[Social:Intellectual property|IP]] portfolio.{{dubious|date=June 2022|reason=Firstly, needs a citation (it's not mentioned other than in the lede). Secondly, Broadcom, which bought LSI, divested many of its divisions, so the fate of ASIC design services is unclear.}}

TSMC has a global capacity of about thirteen million 300&nbsp;mm-equivalent wafers per year as of 2020 and makes chips for customers with process nodes from 2 microns to [[Engineering:3 nm process|3 nanometres]]. TSMC was the first foundry to market 7-nanometre and [[Engineering:5 nm process|5-nanometre]] (used by the 2020 [[Engineering:Apple A14|Apple A14]] and [[Engineering:Apple M1|M1]] [[System on a chip|SoCs]], the MediaTek [[Engineering:List of MediaTek processors#Dimensity 8000 Series|Dimensity 8100]], and [[Engineering:List of AMD Ryzen processors#Raphael desktop|AMD Ryzen 7000]] series processors) production capabilities, and the first to commercialize [[Physics:Extreme ultraviolet lithography|extreme ultraviolet (EUV) lithography]] technology in high volume.

== History ==
In 1986, Li Kwoh-ting, representing the Executive Yuan, invited Morris Chang to serve as the president of the Industrial Technology Research Institute (ITRI) and offered him a blank check to build Taiwan's chip industry. At that time, the Taiwanese government wanted to develop its semiconductor industry, but its high investment and high risk nature made it difficult to find investors. [[Company:Texas Instruments|Texas Instruments]] and [[Company:Intel|Intel]] turned down Chang. Only [[Company:Philips|Philips]] was willing to sign a joint venture contract with Taiwan to put up $58 million, transfer its production technology, and license intellectual property in exchange for a 27.5 percent stake in TSMC. Alongside generous tax benefits, the Taiwanese government provided another 48 percent of the startup capital for TSMC, and the rest of the capital was raised from several of the island's wealthiest families, who owned firms that specialized in plastics, textiles, and chemicals. These wealthy Taiwanese were directly "asked" by the government to invest. "What generally happened was that one of the ministers in the government would call a businessman in Taiwan," Chang explained, "to get him to invest." From day one, TSMC was not really a private business: it was a project of the Taiwanese state.<ref>{{cite book |last1=Miller |first1=Chris |title=Chip War: The Fight for the World's Most Critical Technology |date=2022 |publisher=Scribner |isbn=978-1982172008 |page=167 |url=https://books.google.com/books?id=JxpdEAAAQBAJ&pg=PA167 |access-date=16 July 2023}}</ref><ref>{{cite news |title=猶太人與台積電的奇特淵源 |url=https://www.upmedia.mg/news_info.php?Type=2&SerialNo=106657 |access-date=30 January 2023 |work=www.upmedia.mg |agency=上報 |date=16 February 2021 |language=zh-tw |archive-date=30 January 2023 |archive-url=https://web.archive.org/web/20230130153324/https://www.upmedia.mg/news_info.php?Type=2&SerialNo=106657 |url-status=live }}</ref><ref>{{cite news |title=與飛利浦數度交手 |url=https://www.cw.com.tw/article/5107898 |access-date=30 January 2023 |agency=CommonWealth Magazine |date=1 April 1997 |language=zh-tw |archive-date=14 March 2023 |archive-url=https://web.archive.org/web/20230314101653/https://www.cw.com.tw/article/5107898 |url-status=live }}</ref> Its first CEO was James E. Dykes, who left after a year and Morris Chang became the CEO.<ref>{{Cite web |last=Nenni |first=Daniel |date=2023-11-26 |title=Taiwan Semiconductor Outlook May 1988 |url=https://semiwiki.com/semiconductor-manufacturers/304631-taiwan-semiconductor-outlook-may-1988/ |access-date=2023-11-25 |website=Semiwiki |language=en-US}}</ref>

Since then, the company has continued to grow, albeit subject to the cycles of demand. In 2011, the company planned to increase research and development expenditures by almost 39% to NT$50 billion to fend off growing competition.<ref>{{cite news|url=http://www.taipeitimes.com/News/biz/archives/2010/12/21/2003491466|title=TSMC plans to increase research spending|publisher=Taipei Times|first=Lisa|last=Wang|date=21 December 2010|access-date=20 December 2010|archive-date=24 March 2019|archive-url=https://web.archive.org/web/20190324195607/http://www.taipeitimes.com/News/biz/archives/2010/12/21/2003491466|url-status=live}}</ref> The company also planned to expand capacity by 30% in 2011 to meet strong market demand.<ref>{{cite news|url=http://www.chinaknowledge.com/Newswires/News_Detail.aspx?type=1&cat=CMP&NewsID=%2039307|title=TSMC to expand capacity by 30% in 2011|publisher=China Knowledge|date=8 December 2010|access-date=20 December 2010|archive-date=8 July 2011|archive-url=https://web.archive.org/web/20110708145524/http://www.chinaknowledge.com/Newswires/News_Detail.aspx?type=1&cat=CMP&NewsID=%2039307|url-status=live}}</ref> In May 2014, TSMC's board of directors approved capital appropriations of US$568&nbsp;million to increase and improve manufacturing capabilities after the company forecast higher than expected demand.<ref name="Q2 2014 forecast">{{cite news |url=http://www.taipeitimes.com/News/biz/archives/2014/04/18/2003588265 |title=TSMC forecasts 22 percent Q2 growth |publisher=Taipei Times |date=18 April 2014 |access-date=18 May 2014 |archive-date=22 May 2014 |archive-url=https://web.archive.org/web/20140522183351/http://www.taipeitimes.com/News/biz/archives/2014/04/18/2003588265 |url-status=live }}</ref> In August 2014, TSMC's board of directors approved additional capital appropriations of US$3.05&nbsp;billion.<ref>{{cite web |date=12 August 2014 |title=TSMC Board of Directors Meeting Resolutions |url=https://pr.tsmc.com/english/news/1820 |publisher=TSMC |access-date=17 April 2021 |archive-date=16 December 2021 |archive-url=https://web.archive.org/web/20211216003616/https://pr.tsmc.com/english/news/1820 |url-status=live }}</ref>

In 2011, it was reported that TSMC had begun trial production of the [[Engineering:Apple A5|A5]] SoC and [[Engineering:Apple A6|A6]] SoCs for Apple's [[Engineering:IPad|iPad]] and [[Engineering:IPhone|iPhone]] devices.<ref>{{cite web |date=12 August 2011 |title=TSMC Kicks Off A6 Processor Trial Production with Apple |url=http://cens.com/cens/html/en/news/news_inner_37282.html |url-status=live |archive-url=https://web.archive.org/web/20110927000244/http://cens.com/cens/html/en/news/news_inner_37282.html |archive-date=27 September 2011 |access-date=13 September 2011 |publisher=Chinese Economic News Service}}</ref><ref>{{cite web |last=Velazco |first=Chris |date=12 August 2011 |title=TSMC Beginning Production Of Apple's New A6 Processor |url=https://techcrunch.com/2011/08/12/tsmc-beginning-production-of-apples-new-a6-processor/ |publisher=TechCrunch |access-date=25 June 2017 |archive-date=23 September 2017 |archive-url=https://web.archive.org/web/20170923002524/https://techcrunch.com/2011/08/12/tsmc-beginning-production-of-apples-new-a6-processor/ |url-status=live }}</ref> According to reports,<ref>{{cite web |last=Oliver |first=Sam |date=10 July 2014 |title=Apple begins receiving shipments of A-series processors from TSMC – report |url=http://appleinsider.com/articles/14/07/10/apple-begins-receiving-shipments-of-a-series-processors-from-tsmc---report |access-date=2 November 2014 |publisher=AppleInsider |archive-date=2 November 2014 |archive-url=https://web.archive.org/web/20141102142327/http://appleinsider.com/articles/14/07/10/apple-begins-receiving-shipments-of-a-series-processors-from-tsmc---report |url-status=live }}</ref> in May 2014 Apple sourced its [[Engineering:Apple A8|A8]] and [[Engineering:Apple A8X|A8X]] SoCs from TSMC.<ref name="TechNews Apple A8 article">{{cite web |date=17 February 2014 |title=TSMC to Snatch All of Apple's A8 chip Orders? |url=http://technews.co/2014/02/17/tsmc-to-snatch-all-of-apples-a8-chip-orders/ |archive-url=https://web.archive.org/web/20190324195602/http://technews.co/2014/02/17/tsmc-to-snatch-all-of-apples-a8-chip-orders/ |archive-date=24 March 2019 |access-date=18 May 2014 |publisher=TechNews}}</ref><ref name="CNET 64-bit processor article">{{cite web |last=Crothers |first=Brooke |date=17 April 2014 |title=Apple driving move to 64-bit mobile processors, TSMC says |url=http://www.cnet.com/news/apple-driving-move-to-64-bit-mobile-processors-says-tsmc/ |access-date=23 May 2014 |publisher=CNET |archive-date=21 May 2014 |archive-url=https://web.archive.org/web/20140521205649/http://www.cnet.com/news/apple-driving-move-to-64-bit-mobile-processors-says-tsmc/ |url-status=live }}</ref> Apple then sourced the [[Engineering:Apple A9|A9]] SoC with both TSMC and Samsung (to increase volume for [[Engineering:IPhone 6S|iPhone 6S]] launch) and the [[Engineering:Apple A9X|A9X]] exclusively with TSMC, thus resolving the issue of sourcing a chip in two different [[Microarchitecture|microarchitecture]] sizes. As of 2014, Apple was TSMC's most important customer.<ref name="CNET 64-bit processor article" /><ref name="Taipei Times Apple article">{{Cite news |date=15 April 2014 |title=Apple chips to be 20% of TSMC sales |work=Taipei Times |url=http://www.taipeitimes.com/News/biz/archives/2014/04/15/2003588037 |access-date=18 May 2014 |archive-date=22 December 2017 |archive-url=https://web.archive.org/web/20171222105135/http://www.taipeitimes.com/News/biz/archives/2014/04/15/2003588037 |url-status=live }}</ref>

In October 2014, [[Engineering:ARM Holdings|ARM]] and TSMC announced a new multi-year agreement for the development of ARM based 10&nbsp;nm [[Engineering:Multigate device#FinFET|FinFET]] processors.<ref>{{cite web |last=Collins |first=Mark |date=8 October 2014 |title=ARM Partnered With TSMC For 10nm FinFET Processors |url=http://gsminsider.com/2014/10/arm-partnered-tsmc-10nm-finfet-processors/ |url-status=dead |archive-url=https://web.archive.org/web/20141013181149/http://gsminsider.com/2014/10/arm-partnered-tsmc-10nm-finfet-processors/ |archive-date=13 October 2014 |publisher=GSM Insider }}</ref>

In 2020, TSMC became the first semiconductor company in the world to sign up for the RE100 initiative, pledging to use 100% [[Engineering:Renewable energy|renewable energy]] by 2050.<ref>{{cite news|title=TSMC Leads Rush for Renewables Ahead of Taiwan Energy Vote|url=https://www.bloomberg.com/news/articles/2021-12-08/tsmc-leads-rush-for-renewables-ahead-of-taiwan-energy-vote|access-date=2021-12-19|newspaper=Bloomberg.com|date=8 December 2021|archive-date=7 February 2022|archive-url=https://web.archive.org/web/20220207173304/https://www.bloomberg.com/news/articles/2021-12-08/tsmc-leads-rush-for-renewables-ahead-of-taiwan-energy-vote|url-status=live}}</ref> TSMC accounts for roughly 5% of the energy consumption in Taiwan, even exceeding that of the capital city Taipei. This initiative was thus expected to accelerate the transformation to renewable energy in the country.<ref>{{cite web|date=17 July 2020|title=TSMC's push toward green energy – Taipei Times|url=https://www.taipeitimes.com/News/editorials/archives/2020/07/17/2003740051|access-date=2021-12-19|website=www.taipeitimes.com|archive-date=19 December 2021|archive-url=https://web.archive.org/web/20211219172953/https://www.taipeitimes.com/News/editorials/archives/2020/07/17/2003740051|url-status=live}}</ref>

For 2020, TSMC had a net income of US$17.60&nbsp;billion on a consolidated revenue of US$45.51&nbsp;billion, an increase of 57.5% and 31.4% respectively from the 2019 level of US$11.18&nbsp;billion net income and US$34.63&nbsp;billion consolidated revenue.<ref>{{cite web |title=Annual Reports |url=https://investor.tsmc.com/english/annual-reports |access-date=2021-05-01 |website=TSMC |language=en |archive-date=20 April 2021 |archive-url=https://web.archive.org/web/20210420043720/https://investor.tsmc.com/english/annual-reports |url-status=live }}</ref> Its [[Social:Market capitalization|market capitalization]] was over $550&nbsp;billion{{Clarify|reason=Which currency|date=April 2023}} in April 2021.{{Citation needed|date=April 2023}} TSMC's revenue in the first quarter of 2020 reached US$10&nbsp;billion,<ref>{{cite web | last=Lee | first=Yimou | title=TSMC Q1 profit almost doubles but trims full-year revenue estimate on pandemic | website=U.S. | date=16 April 2020 | url=https://www.reuters.com/article/us-tsmc-results-idUSKCN21Y0IN | access-date=15 May 2020 | archive-date=17 May 2020 | archive-url=https://web.archive.org/web/20200517023902/https://www.reuters.com/article/us-tsmc-results-idUSKCN21Y0IN | url-status=live }}</ref> while its market capitalization was US$254&nbsp;billion.<ref name="TSM-YahooFinance">{{cite web |title=Taiwan Semiconductor Manufacturer (TSM) Stock Price, Quote, History & News – Yahoo Finance |url=https://finance.yahoo.com/quote/TSM |access-date=15 May 2020 |publisher=Finance.yahoo.com |archive-date=28 May 2020 |archive-url=https://web.archive.org/web/20200528213313/https://finance.yahoo.com/quote/TSM/ |url-status=live }}</ref> TSMC's market capitalization reached a value of NT$1.9&nbsp;trillion (US$63.4&nbsp;billion) in December 2010.<ref>{{cite news|url=http://business.asiaone.com/Business/News/Story/A1Story20101221-253866.html|title=Market capitalization of TSMC reaches a historic high: CEO|publisher=AsiaOne Business|date=21 December 2010|access-date=20 December 2010|archive-url=https://web.archive.org/web/20110728182630/http://business.asiaone.com/Business/News/Story/A1Story20101221-253866.html|archive-date=28 July 2011|url-status=dead}}</ref> It was ranked 70th in the FT Global 500 2013 list of the world's most highly valued companies with a capitalization of US$86.7&nbsp;billion,<ref>{{cite news|url=http://www.ft.com/intl/indepth/ft500 |archive-url=https://ghostarchive.org/archive/20221210/http://www.ft.com/intl/indepth/ft500 |archive-date=10 December 2022 |url-access=subscription |title=FT 500 2013 |newspaper=Financial Times |access-date=18 May 2014}}</ref> while reaching US$110&nbsp;billion in May 2014.<ref name="TSM-YahooFinance" /> In March 2017, TSMC's market capitalization surpassed that of semiconductor giant [[Company:Intel|Intel]] for the first time, hitting NT$5.14&nbsp;trillion (US$168.4&nbsp;billion), with Intel's at US$165.7&nbsp;billion.<ref>{{Cite news|url=https://www.bloomberg.com/gadfly/articles/2017-03-22/chipzilla-intel-toppled-by-taiwan-s-supplier-to-the-stars|title=Chipzilla Got Toppled|last=Culpan|first=Tim|date=22 March 2017|work=Bloomberg Gadfly|access-date=22 March 2017|archive-date=22 March 2017|archive-url=https://web.archive.org/web/20170322071356/https://www.bloomberg.com/gadfly/articles/2017-03-22/chipzilla-intel-toppled-by-taiwan-s-supplier-to-the-stars|url-status=live}}</ref> On 27 June 2020, TSMC briefly became the world's 10th most valuable company, with a market capitalization of US$410&nbsp;billion.<ref>{{Cite news |last=Wu |first=Debby |date=28 July 2020 |title=TSMC Pares Gains After $72 Billion Surge to Start the Week |language=en |work=Bloomberg |url=https://www.bloomberg.com/news/articles/2020-07-28/tsmc-among-world-s-top-10-biggest-stocks-after-72-billion-surge |access-date=17 April 2021 |archive-date=17 April 2021 |archive-url=https://web.archive.org/web/20210417120954/https://www.bloomberg.com/news/articles/2020-07-28/tsmc-among-world-s-top-10-biggest-stocks-after-72-billion-surge |url-status=live }}</ref>

As the risk of a war between Taiwan and the People's Republic of China increases, TSMC and its investors have explored options to mitigate the consequences of such an event. Since the beginning of the 2020s, TSMC has expanded its operations outside of the island of Taiwan, opening new fabs in Japan and the United States, with further plans for expansion into Germany.<ref>{{cite web |date=21 February 2022 |title=China War Risk Sees Taiwan's TSMC Moving Fabs to US, Japan |url=https://www.asiafinancial.com/china-risk-sees-taiwans-tsmc-moving-chip-fabs-overseas |website=Asia Financial |access-date=27 May 2022 |archive-date=19 May 2022 |archive-url=https://web.archive.org/web/20220519212156/https://www.asiafinancial.com/china-risk-sees-taiwans-tsmc-moving-chip-fabs-overseas |url-status=live }}</ref> In July 2020, TSMC confirmed it would halt the shipment of silicon wafers to Chinese telecommunications equipment manufacturer [[Company:Huawei|Huawei]] and its subsidiary [[Company:HiSilicon|HiSilicon]] by 14 September.<ref>{{cite web |title=TSMC plans to halt chip supplies to Huawei in 2 months |url=https://asia.nikkei.com/Spotlight/Huawei-crackdown/TSMC-plans-to-halt-chip-supplies-to-Huawei-in-2-months |access-date=2020-08-09 |website=Nikkei Asian Review |language=en-GB |archive-date=8 August 2020 |archive-url=https://web.archive.org/web/20200808203753/https://asia.nikkei.com/Spotlight/Huawei-crackdown/TSMC-plans-to-halt-chip-supplies-to-Huawei-in-2-months |url-status=live }}</ref><ref>{{cite web |last=Frumusanu |first=Andrei |title=TSMC Confirms Halt to Huawei Shipments In September |url=https://www.anandtech.com/show/15915/tsmc-confirms-halt-to-huawei-shipments-in-september |access-date=2020-08-09 |website=www.anandtech.com |archive-date=8 August 2020 |archive-url=https://web.archive.org/web/20200808183636/http://www4.anandtech.com/show/15915/tsmc-confirms-halt-to-huawei-shipments-in-september |url-status=live }}</ref>

In November 2020, officials in Phoenix, Arizona in the United States approved TSMC's plan to build a $12&nbsp;billion chip plant in the city. The decision to locate a plant in the US came after the Trump administration warned about the issues concerning the world's electronics made outside of the U.S.<ref>{{Cite news |last1=Wu |first1=Debby |last2=King |first2=Ian |date=19 November 2020 |title=TSMC Wins Approval From Phoenix for $12 Billion Chip Plant |language=en |work=Bloomberg |url=https://www.bloomberg.com/news/articles/2020-11-19/tsmc-wins-approval-from-phoenix-for-12-billion-chip-plant |access-date=2 March 2021 |archive-date=27 February 2021 |archive-url=https://web.archive.org/web/20210227092258/https://www.bloomberg.com/news/articles/2020-11-19/tsmc-wins-approval-from-phoenix-for-12-billion-chip-plant |url-status=live }}</ref> In 2021, news reports claimed that the facility might be tripled to roughly a $35&nbsp;billion investment with six factories.<ref>{{Cite news |last=Vanek |first=Corina |date=2 March 2021 |title=Taiwan Semiconductor's Phoenix plant likely three times larger than originally announced |language=en-us |work=Phoenix Business Journal |url=https://www.bizjournals.com/phoenix/news/2021/03/02/taiwan-semiconductor-phoenix-plant-35-billion.html |access-date=2021-05-01 |archive-date=14 May 2021 |archive-url=https://web.archive.org/web/20210514174609/https://www.bizjournals.com/phoenix/news/2021/03/02/taiwan-semiconductor-phoenix-plant-35-billion.html |url-status=live }}</ref> See {{Slink|2=Arizona}} for more details.

In June 2021, following nearly a year of public controversy surrounding its COVID-19 vaccine shortage,<ref name=Reuters/><ref>{{cite news |last1=Blanchard |first1=Ben |title=Pressure to accept China vaccines intensifies as Taiwan battles COVID surge |url=https://www.reuters.com/world/asia-pacific/pressure-accept-china-vaccines-intensifies-taiwan-battles-covid-surge-2021-05-24/ |access-date=12 July 2021 |work=Reuters |date=24 May 2021 |archive-date=12 July 2021 |archive-url=https://web.archive.org/web/20210712152303/https://www.reuters.com/world/asia-pacific/pressure-accept-china-vaccines-intensifies-taiwan-battles-covid-surge-2021-05-24/ |url-status=live }}</ref><ref name=FinTimes/><ref>{{cite news |last1=Zhong |first1=Raymond |title=Taiwan Wants German Vaccines. China May Be Standing in Its Way. |url=https://www.nytimes.com/2021/06/16/business/taiwan-china-biontech-vaccine.html |access-date=12 July 2021 |work=The New York Times |date=16 June 2021 |archive-date=12 July 2021 |archive-url=https://web.archive.org/web/20210712152619/https://www.nytimes.com/2021/06/16/business/taiwan-china-biontech-vaccine.html |url-status=live }}</ref> with only about 10% of its 23.5&nbsp;million population vaccinated;<ref name=Reuters/> Taiwan agreed to allow TSMC and [[Company:Foxconn|Foxconn]] to jointly negotiate purchasing [[Medicine:COVID-19 vaccine|COVID-19 vaccine]]s on its behalf.<ref name=FinTimes>{{cite news |last1=Hille |first1=Kathrin |title=TSMC and Foxconn join forces to secure vaccines for Taiwan |url=https://www.ft.com/content/a5b8cf73-0d46-4ed8-a75f-69902b8a951c |archive-url=https://ghostarchive.org/archive/20221210/https://www.ft.com/content/a5b8cf73-0d46-4ed8-a75f-69902b8a951c |archive-date=10 December 2022 |url-access=subscription |access-date=12 July 2021 |work=Financial Times |date=11 July 2012}}</ref><ref name=Reuters>{{cite news |last1=Blanchard |first1=Ben |title=Taiwan finally getting BioNTech COVID vaccines in $350 mln deal |url=https://www.reuters.com/world/asia-pacific/taiwans-foxconn-tsmc-confirm-350-mln-covid-19-vaccine-deal-2021-07-11/ |access-date=12 July 2021 |work=Reuters |date=12 July 2021 |archive-date=12 July 2021 |archive-url=https://web.archive.org/web/20210712001324/https://www.reuters.com/world/asia-pacific/taiwans-foxconn-tsmc-confirm-350-mln-covid-19-vaccine-deal-2021-07-11/ |url-status=live }}</ref> In July 2021, [[Company:BioNTech|BioNTech]]'s Chinese sales agent [[Company:Fosun Pharma|Fosun Pharma]] announced that the two technology manufacturers had reached an agreement to purchase 10 million [[Medicine:Pfizer–BioNTech COVID-19 vaccine|BioNTech COVID-19 vaccine]]s from Germany.<ref name=FinTimes/><ref name=Reuters/> TSMC and Foxconn pledged to each buy five million doses for up to $175&nbsp;million,<ref name=FinTimes/> for donation to Taiwan's vaccination program.<ref name=Reuters/>

Due to the 2020–2023 global semiconductor shortage, Taiwanese competitor [[Company:United Microelectronics Corporation|United Microelectronics]] raised prices approximately 7–9 percent, and prices for TSMC's more mature processors will be raised by about 20 percent.<ref>{{cite news |last=Chang |first=Eric |url=https://www.taiwannews.com.tw/en/news/4276997 |title=Taiwan's TSMC increases chip prices by up to 20% amid global shortage |work=Taiwan News |date=26 August 2021 |access-date=2021-08-29 |archive-date=29 August 2021 |archive-url=https://web.archive.org/web/20210829211905/https://www.taiwannews.com.tw/en/news/4276997 |url-status=live }}</ref>

In November 2021, TSMC and [[Company:Sony|Sony]] announced that TSMC would be establishing a new subsidiary named {{Ill|Japan Advanced Semiconductor Manufacturing|ja|Japan Advanced Semiconductor Manufacturing|zh|日本先進半導體製造}} (JASM) in Kumamoto, Japan. The new subsidiary will manufacture 22- and 28-nanometer processes. The initial investment will be approximately $7&nbsp;billion, with Sony investing approximately $500&nbsp;million for a less than 20% stake. Construction of the fabrication plant is expected to start in 2022, with production targeted to begin two years later in 2024.<ref name="JASM Press Release">{{cite press release|url=https://www.sony-semicon.co.jp/e/news/2021/2021110901.html|title=TSMC to Build Specialty Technology Fab in Japan with Sony Semiconductor Solutions as Minority Shareholder|date=9 November 2021|access-date=9 November 2021|archive-date=5 December 2021|archive-url=https://web.archive.org/web/20211205040331/https://www.sony-semicon.co.jp/e/news/2021/2021110901.html|url-status=live}}</ref><ref name="JASM Reuters">{{cite web|url=https://www.reuters.com/technology/sony-invest-500-mln-tsmcs-new-chip-unit-japan-2021-11-09/|title=Sony to invest $500 mln in TSMC's new Japanese chip plant venture|website={{wipe|Reuters}}|date=9 November 2021|access-date=9 November 2021|archive-date=16 January 2023|archive-url=https://web.archive.org/web/20230116222851/https://www.reuters.com/technology/sony-invest-500-mln-tsmcs-new-chip-unit-japan-2021-11-09/|url-status=live}}</ref>

In February 2022, TSMC, Sony Semiconductor Solutions, and Denso announced that Denso would take a more than 10% equity stake in JASM with a US$0.35&nbsp;billion investment, amid a scarcity of chips for automobiles.<ref name=":2">{{Cite web |date=16 February 2022 |title=Denso to take stake in TSMC venture – Taipei Times |url=https://www.taipeitimes.com/News/biz/archives/2022/02/16/2003773182 |access-date=2023-01-22 |website=www.taipeitimes.com |archive-date=22 January 2023 |archive-url=https://web.archive.org/web/20230122171524/https://www.taipeitimes.com/News/biz/archives/2022/02/16/2003773182 |url-status=live }}</ref><ref name=":3">{{Cite web |date=15 February 2022 |title=DENSO to Take Minority Stake in JASM |url=https://pr.tsmc.com/english/news/2911 |access-date=2023-01-23 |website=TSMC}}</ref><ref name=":4">{{Cite web |date=15 February 2022 |title=TSMC to Expand New Japan Chip Factory, Denso Takes Stake |url=https://www.usnews.com/news/technology/articles/2022-02-15/japans-denso-to-invest-in-tsmc-chip-factory-in-japan |access-date=2023-01-23 |website=U.S. News & World Report |archive-date=22 January 2023 |archive-url=https://web.archive.org/web/20230122171525/https://www.usnews.com/news/technology/articles/2022-02-15/japans-denso-to-invest-in-tsmc-chip-factory-in-japan |url-status=live }}</ref> TSMC will also enhance JASM's capabilities with 12/16 nanometer FinFET process technology in addition to the previously announced 22/28 nanometer process and increase monthly production capacity from 45,000 to 55,000 12-inch wafers.<ref name=":2" /><ref name=":3" /><ref name=":4" /> The total capital expenditure for JASM's Kumamoto fab is estimated to be approximately US$8.6&nbsp;billion.<ref name=":2" /><ref name=":3" /><ref name=":4" /> The Japanese government wants JASM to supply essential chips to Japan's electronic device makers and auto companies as trade friction between the United States and China threatens to disrupt [[Supply chain|supply chain]]s.<ref name=":2" /><ref name=":3" /><ref name=":4" /> The fab is expected to directly create about 1,700 high-tech professional jobs.<ref name=":2" /><ref name=":3" />

In July 2022, TSMC announced the company had posted a record profit in the second quarter, with net income up 76.4 percent year-over-year. The company saw steady growth in the automotive and data center sectors with some weakness in the consumer market. Some of the capital expenditures are projected to be pushed up to 2023.<ref>{{cite news |last=Kharpal |first=Arjun |url=https://www.cnbc.com/2022/07/14/tsmc-q2-2022-chipmaker-posts-record-profit-and-strong-guidance.html |title=World's largest chipmaker TSMC posts record profit allaying fears over semiconductor headwinds |work={{wipe|CNBC}} |date=14 July 2022 |access-date=2022-07-14 |archive-date=14 July 2022 |archive-url=https://web.archive.org/web/20220714201049/https://www.cnbc.com/2022/07/14/tsmc-q2-2022-chipmaker-posts-record-profit-and-strong-guidance.html |url-status=live }}</ref>

In the third quarter of 2022, [[Company:Berkshire Hathaway|Berkshire Hathaway]] disclosed purchase of 60 million shares in TSMC, acquiring a $4.1&nbsp;billion stake, making it one of its largest holdings in a technology company.<ref>{{cite web |url=https://www.ft.com/content/6d4bb1f4-270a-46bd-8069-81148b636647 |archive-url=https://ghostarchive.org/archive/20221210/https://www.ft.com/content/6d4bb1f4-270a-46bd-8069-81148b636647 |archive-date=10 December 2022 |title=Warren Buffett's Berkshire Hathaway buys $4bn stake in chipmaker TSMC |date=15 November 2022 |last=Platt |first=Eric |work=[[Social:Financial Times|Financial Times]] |url-access=limited}}</ref> However, Berkshire sold off 86.2% of its stake by the next quarter citing geopolitical tensions as a factor.<ref>{{cite news |last1=Mandl |first1=Carolina |last2=S |first2=Sittarasu |date=14 February 2023 |title=Berkshire dumps shares in TSMC, banks; increases Apple stake |url=https://www.reuters.com/business/buffetts-berkshire-reduces-stake-activision-blizzard-2023-02-14/ |publisher=Reuters |access-date=16 February 2023 |archive-date=16 February 2023 |archive-url=https://web.archive.org/web/20230216040016/https://www.reuters.com/business/buffetts-berkshire-reduces-stake-activision-blizzard-2023-02-14/ |url-status=live }}</ref><ref>{{cite news |last=Stempel |first=Jonathan |date=11 April 2023 |title=Buffett says geopolitics a factor in Berkshire sale of TSMC stake |url=https://www.reuters.com/technology/buffett-says-geopolitics-factor-berkshire-sale-tsmc-stake-2023-04-11/ |publisher=Reuters |access-date=12 April 2023 |archive-date=12 April 2023 |archive-url=https://web.archive.org/web/20230412042234/https://www.reuters.com/technology/buffett-says-geopolitics-factor-berkshire-sale-tsmc-stake-2023-04-11/ |url-status=live }}</ref>

=== Patent dispute with GlobalFoundries ===
On 26 August 2019, [[Company:GlobalFoundries|GlobalFoundries]] filed several patent infringement lawsuits against TSMC in the US and Germany claiming that TSMC's 7&nbsp;nm, 10&nbsp;nm, 12&nbsp;nm, 16&nbsp;nm, and 28&nbsp;nm nodes infringed 16 of their patents.<ref>{{cite web |date=26 August 2019 |title=GLOBALFOUNDRIES Files Patent Infringement Lawsuits Against TSMC In the U.S. and Germany |url=https://www.globalfoundries.com/press-release/globalfoundries-files-patent-infringement-lawsuits-against-tsmc-us-and-germany |website=GlobalFoundries |language=en |access-date=17 April 2021 |archive-date=17 April 2021 |archive-url=https://web.archive.org/web/20210417120955/https://www.globalfoundries.com/press-release/globalfoundries-files-patent-infringement-lawsuits-against-tsmc-us-and-germany |url-status=live }}</ref> GlobalFoundries named twenty defendants.<ref>{{cite web |date=25 August 2019 |title=GLOBALFOUNDRIES v. TSMC et al Media Fact Sheet |url=https://www.globalfoundries.com/sites/default/files/media_fact_sheet.pdf |website=GlobalFoundries |access-date=28 August 2019 |archive-date=28 August 2019 |archive-url=https://web.archive.org/web/20190828062714/https://www.globalfoundries.com/sites/default/files/media_fact_sheet.pdf |url-status=live }}</ref> TSMC said that they were confident that the allegations were baseless.<ref>{{cite web |date=27 August 2017 |title=TSMC Will Vigorously Defend its Proprietary Technology in Response to GlobalFoundries Complaints |url=https://www.tsmc.com/tsmcdotcom/PRListingNewsAction.do?action=detail&language=E&newsid=THPGSTTHTH |access-date=28 August 2019 |website=TSMC |archive-date=27 August 2019 |archive-url=https://web.archive.org/web/20190827210152/https://www.tsmc.com/tsmcdotcom/PRListingNewsAction.do?action=detail&language=E&newsid=THPGSTTHTH |url-status=live }}</ref>

On 1 October 2019, TSMC filed [[Social:Patent infringement|patent infringement]] lawsuits against GlobalFoundries in the US, Germany and Singapore, claiming that GlobalFoundries' 12&nbsp;nm, 14&nbsp;nm, 22&nbsp;nm, 28&nbsp;nm and 40&nbsp;nm nodes infringed 25 of their patents.<ref>{{cite web |date=1 October 2019 |title=TSMC Files Complaints Against GlobalFoundries in U.S., Germany and Singapore for Infringement of 25 Patents to Affirm its Technology Leadership and to Protect Its Customers and Consumers Worldwide |url=https://www.tsmc.com/tsmcdotcom/PRListingNewsAction.do?action=detail&newsid=THGOSTTHTH |access-date=2 October 2019 |website=TSMC |archive-date=2 October 2019 |archive-url=https://web.archive.org/web/20191002040547/https://www.tsmc.com/tsmcdotcom/PRListingNewsAction.do%3Faction%3Ddetail%26newsid%3DTHGOSTTHTH |url-status=live }}</ref>

On 29 October 2019, TSMC and GlobalFoundries announced a resolution to the dispute, agreeing to a [[Social:Term of patent|life-of-patents]] cross-license for all of their existing semiconductor patents and new patents for the next 10 years.<ref>{{cite web |date=29 October 2019 |title=TSMC and GLOBALFOUNDRIES Announce Resolution of Global Disputes Through Broad Global Patent Cross-License |url=https://www.tsmc.com/tsmcdotcom/PRListingNewsAction.do?action=detail&language=E&newsid=THHKHIPGTH |access-date=29 October 2019 |website=TSMC |archive-date=29 October 2019 |archive-url=https://web.archive.org/web/20191029014342/https://www.tsmc.com/tsmcdotcom/PRListingNewsAction.do%3Faction%3Ddetail%26language%3DE%26newsid%3DTHHKHIPGTH |url-status=live }}</ref><ref>{{cite web |date=28 October 2019 |title=GLOBALFOUNDRIES and TSMC Announce Resolution of Global Disputes Through Broad Global Patent Cross-License |url=https://www.globalfoundries.com/press-release/globalfoundries-and-tsmc-announce-resolution-global-disputes-through-broad-global |access-date=30 October 2019 |website=GlobalFoundries |language=en |archive-date=22 January 2021 |archive-url=https://web.archive.org/web/20210122162629/https://www.globalfoundries.com/press-release/globalfoundries-and-tsmc-announce-resolution-global-disputes-through-broad-global |url-status=live }}</ref><ref>{{Cite news |last=McGregor |first=Jim |date=11 September 2019 |title=Globalfoundries Files Suit Against TSMC – The Outcome Could Have Broad Consequences |work=Forbes |url=https://www.forbes.com/sites/tiriasresearch/2019/09/11/globalfoundries-files-suit-against-tsmc--the-outcome-could-have-broad-consequences/ |access-date=19 December 2019 |archive-date=19 December 2019 |archive-url=https://web.archive.org/web/20191219072516/https://www.forbes.com/sites/tiriasresearch/2019/09/11/globalfoundries-files-suit-against-tsmc--the-outcome-could-have-broad-consequences/ |url-status=live }}</ref><ref>{{Cite news |date=1 October 2019 |title=TSMC counter-sues US chip rival GlobalFoundries for patent infringement |work=Reuters |url=https://www.reuters.com/article/db-tsmc-globalfoundries-lawsuit-test-idUSKBN1WG3B5 |access-date=19 December 2019 |archive-date=19 December 2019 |archive-url=https://web.archive.org/web/20191219072514/https://www.reuters.com/article/db-tsmc-globalfoundries-lawsuit-test-idUSKBN1WG3B5 |url-status=live }}</ref><ref>{{Cite news |last=Kwan |first=Campbell |date=2 October 2019 |title=TSMC accuses GlobalFoundries of infringing 25 patents for node processes |work=ZDNet |url=https://www.zdnet.com/article/tsmc-accuses-globalfoundries-of-infringing-25-patents-for-node-processes/ |access-date=4 April 2020 |archive-date=9 March 2020 |archive-url=https://web.archive.org/web/20200309222209/https://www.zdnet.com/article/tsmc-accuses-globalfoundries-of-infringing-25-patents-for-node-processes/ |url-status=live }}</ref>

=== Sales and market trends ===
{{recentism|date=January 2022}}
{| class="wikitable"
|+ Yearly revenues in million NT$<ref name="DigiTimes Finance">{{cite web |url=http://www.digitimes.com/finance/company.asp?cid=32 |title=TSMC |publisher=DigiTimes Finance |access-date=18 May 2014 |archive-date=17 May 2014 |archive-url=https://web.archive.org/web/20140517183332/http://www.digitimes.com/finance/company.asp?cid=32 |url-status=live }}</ref>
|-
! 1997 !! 1998 !! 1999 !! 2000 !! 2001 !! 2002 !! 2003 !! 2004 !! 2005 !! 2006
|-
| 43,927 || 50,422 || 73,067 || 166,189 || 125,881 || 162,301 || 202,997 || 257,213 || 266,565 || 317,407
|-
! 2007 !! 2008 !! 2009 !! 2010 !!2011 !! 2012 !! 2013 !! 2014 !! 2015 !! 2016
|-
| 322,631 || 333,158 || 295,742 || 419,538 || 427,081 || 506,754|| 597,024 || 762,806 || 843,497 || 947,938
|-
! 2017 !! 2018 !! 2019 !! 2020 !! 2021 !! 2022
|-
| 977,477 || 1,031,474 || 1,069,985 || 1,339,255 || 1,587,415 || 2,263,890
|}

{{ #invoke:Chart | bar chart

| group 1 = 43.927 : 50.422 : 73.067 : 166.189 : 125.881 : 162.301 : 202.997 : 257.213 : 266.565 : 317.407 : 322.631 : 333.158 : 295.742 : 419.538 : 427.081 : 506.754 : 597.024 : 762.806 : 843.497 : 947.938 : 977.477 : 1031.474 : 1069.985 : 1339.255 : 1587.415 : 2263.890
| links 1 = 1997 : 1998 : 1999 : 2000 : 2001 : 2002 : 2003 : 2004 : 2005 : 2006 : 2007 : 2008 : 2009 : 2010 : 2011 : 2012 : 2013 : 2014 : 2015 : 2016 : 2017 : 2018 : 2019 : 2020 : 2021 : 2022
| group names = TSMC Yearly Revenues (in Billion NT$)
| x legends = :::2000::::::::::2010::::::::::2020::
| colors = blue
}}

{| class="wikitable" style="float:right"
|+ Quarterly revenues in million NT$<ref name="TSMC Quarterly Results">{{cite web |title=TSMC Quarterly Results |url=http://www.tsmc.com/english/investorRelations/quarterly_results.htm |publisher=TSMC |access-date=17 April 2017 |archive-date=17 April 2017 |archive-url=https://web.archive.org/web/20170417160717/http://www.tsmc.com/english/investorRelations/quarterly_results.htm |url-status=live }}</ref>
|-
! Year !! Q1 !! Q2 !! Q3 !! Q4
|-
! 2012
| 105,615 || 128,186 || 141,499 || 131,445
|-
! 2013
| 132,755 || 155,886 || 162,577 || 145,806
|-
! 2014
| 148,215 || 183,020 || 209,050 || 222,520
|-
! 2015
| 222,034 || 205,440 || 212,505 || 203,518
|-
! 2016
| 203,495 || 221,810 || 260,406 || 262,227
|-
! 2017
| 233,914 || 213,855 || 252,107 || 277,570
|-
! 2018
| 248,079 || 233,276 || 260,348 || 289,771
|-
! 2019
| 218,704 || 240,999 || 293,045 || 317,237
|-
! 2020
| 310,597 || 310,699 || 356,426 || 361,533
|-
! 2021
| 362,410 || 372,150 || 414,670 || 438,190
|-
! 2022
| 491,080 || 534,140 || 613,140 || 625,530
|-
! 2023
| 508,633 || 480,841 ||  || 
|}

TSMC and the rest of the foundry industry are exposed to the [[Engineering:Cyclical industrial dynamics|cyclical industrial dynamics]] of the semiconductor industry. TSMC must ensure its production capacity to meet strong customer demand during upturns. However, during downturns, it must contend with excess capacity because of weak demand and the high fixed costs associated with its manufacturing facilities.<ref name="Morningstar mobile chips article">{{cite web |url=http://analysisreport.morningstar.com/stock/research?t=TSM&culture=en-US&cur=USD&productcode=MLE |title=Mobile chips are driving strong demand for TSMC's manufacturing services |publisher=Morningstar |date=9 May 2014 |access-date=18 May 2014 |archive-date=28 April 2015 |archive-url=https://web.archive.org/web/20150428143055/http://analysisreport.morningstar.com/stock/research?t=TSM&culture=en-US&cur=USD&productcode=MLE |url-status=dead }}</ref> As a result, the company's financial results tend to fluctuate with a cycle time of a few years. This is more apparent in earnings than revenues because of the general trend of revenue and capacity growth. TSMC's business has generally also been seasonal, with a peak in Q3 and a low in Q1.

In 2014, TSMC was at the forefront of the foundry industry for high-performance, low-power applications,<ref name="EE Times Q1 2014 results article">{{cite web|url=http://www.eetimes.com/document.asp?doc_id=1321989|title=Smartphones, 28nm Tech Drive TSMC 1Q Revenue|date=17 April 2014|publisher=EE Times|access-date=23 May 2014|archive-date=23 May 2014|archive-url=https://web.archive.org/web/20140523225507/http://www.eetimes.com/document.asp?doc_id=1321989|url-status=live}}</ref><ref name="SimmTester 28nm article">{{cite news|url=http://www.ddrtester.com/page/news/shownews.asp?num=16016|title=Qualcomm pending to add SMIC to 28nm vendor list|date=14 March 2014|access-date=18 May 2014|publisher=SimmTester.com|archive-date=22 May 2014|archive-url=https://web.archive.org/web/20140522182615/http://www.ddrtester.com/page/news/shownews.asp?num=16016|url-status=live}}</ref> leading major smartphone chip companies such as Qualcomm,<ref>{{cite web |url=http://www.prnewswire.com/news-releases/qualcomm-snapdragon-800-processor-first-to-use-tsmcs-28hpm-advanced-process-technology-192959191.html |title=Qualcomm Snapdragon 800 Processor First to Use TSMC's 28HPM Advanced Process Technology |publisher=TSMC |date=25 February 2013 |access-date=18 May 2014}}</ref><ref name="TSMC banking on 28nm">{{Cite news |last=Wang |first=Lisa |date=6 June 2013 |title=TSMC banking on 28nm shipments |work=Taipei Times |url=http://www.taipeitimes.com/News/biz/archives/2013/06/06/2003564057 |access-date=18 May 2014 |archive-date=22 May 2014 |archive-url=https://web.archive.org/web/20140522175211/http://www.taipeitimes.com/News/biz/archives/2013/06/06/2003564057 |url-status=live }}</ref> Mediatek<ref name="TSMC banking on 28nm" /><ref name="DigiTimes MediaTek GlobalFoundries">{{Cite news |last1=Josephine |first1=Lien |last2=Shen |first2=Steve |date=6 May 2014 |title=MediaTek adding more 28nm chip orders at TSMC, UMC due to production defects at Globalfoundries |work=DigiTimes |url=http://www.digitimes.com/news/a20140506PD212.html |url-access=subscription |access-date=18 May 2014 |archive-date=20 August 2020 |archive-url=https://web.archive.org/web/20200820135731/http://www.digitimes.com/news/a20140506PD212.html |url-status=live }}</ref> and Apple<ref name="TechNews Apple A8 article" /><ref name="Taipei Times Apple article" /> to place an increasing amount of orders.<ref name="EE Times Q1 2014 results article" /> While the competitors in the foundry industry (primarily [[Company:GlobalFoundries|GlobalFoundries]] and [[Company:United Microelectronics Corporation|United Microelectronics Corporation]]) have encountered difficulties ramping leading-edge 28&nbsp;nm capacity,<ref name="DigiTimes MediaTek GlobalFoundries" /> the leading Integrated Device Manufacturers such as [[Company:Samsung|Samsung]] and [[Company:Intel|Intel]] that seek to offer foundry capacity to third parties were also unable to match the requirements for advanced mobile applications.<ref name="SimmTester 28nm article" />

For most of 2014, TSMC saw a continuing increase in revenues due to increased demand, primarily due to chips for smartphone applications. TSMC raised its financial guidance in March 2014 and posted 'unseasonably strong' first-quarter results.<ref name="Q2 2014 forecast" /><ref>{{cite web |date=12 March 2014 |title=TSMC Updates 1Q'14 Guidance |url=https://pr.tsmc.com/english/news/1804 |access-date=18 May 2014 |publisher=TSMC |archive-date=17 April 2021 |archive-url=https://web.archive.org/web/20210417120955/https://pr.tsmc.com/english/news/1804 |url-status=live }}</ref> For Q2 2014, revenues came in at NT$183&nbsp;billion, with 28&nbsp;nm technology business growing more than 30% from the previous quarter.<ref>{{cite web |date=16 July 2014 |title=TSMC Reports Second Quarter EPS of NT$2.30 |url=https://pr.tsmc.com/english/news/1818 |access-date=16 August 2014 |publisher=TSMC |archive-date=17 April 2021 |archive-url=https://web.archive.org/web/20210417120958/https://pr.tsmc.com/english/news/1818 |url-status=live }}</ref> Lead times for chip orders at TSMC increased due to a tight capacity situation, putting fabless chip companies at risk of not meeting their sales expectations or shipment schedules,<ref>{{Cite news |last1=Cage |first1=Chao |last2=Shen |first2=Steve |date=9 May 2014 |title=TSMC extends 28 nm production lead time to 16 weeks |work=DigiTimes |url=http://www.digitimes.com/news/a20140509PD207.html |url-access=subscription |access-date=17 May 2014 |archive-date=12 May 2014 |archive-url=https://web.archive.org/web/20140512063338/http://www.digitimes.com/news/a20140509PD207.html |url-status=live }}</ref> and in August 2014 it was reported that TSMC's production capacity for the fourth quarter of 2014 was already almost fully booked, a scenario that had not occurred for many years, which was described as being due to a ripple-effect due to TSMC landing CPU orders from Apple.<ref>{{Cite news |last1=Cage |first1=Chao |last2=Shen |first2=Steve |date=14 August 2014 |title=TSMC 4Q14 production capacity almost fully booked |publisher=DigiTimes |url=http://www.digitimes.com/news/a20140814PD214.html |url-access=subscription |access-date=16 August 2014 |archive-date=18 August 2014 |archive-url=https://web.archive.org/web/20140818090505/http://www.digitimes.com/news/a20140814PD214.html |url-status=live }}</ref>

However, monthly sales for 2014 peaked in October, decreasing by 10% in November due to cautious inventory adjustment actions taken by some of its customers.<ref name="Taipei Times 2014-12-11">{{Cite news |last=Wang |first=Lisa |date=11 December 2014 |title=TSMC revenue shrinks as clients adjust inventories |work=Taipei Times |url=http://www.taipeitimes.com/News/biz/archives/2014/12/11/2003606440 |access-date=6 January 2015 |archive-date=6 January 2015 |archive-url=https://web.archive.org/web/20150106030233/http://www.taipeitimes.com/News/biz/archives/2014/12/11/2003606440 |url-status=live }}</ref> TSMC's revenue for 2014 saw growth of 28% over the previous year, while TSMC forecasted that revenue for 2015 would grow by 15 to 20 percent from 2014, thanks to strong demand for its 20&nbsp;nm process, new 16&nbsp;nm FinFET process technology as well as continuing demand for 28&nbsp;nm, and demand for less advanced chip fabrication in its 200mm fabs.<ref name="Taipei Times 2014-12-11" />

== Technologies ==
[[File:NVIDIA-GTX-1070-FoundersEdition-FL.jpg|thumb|right|The [[GeForce 10 series|NVIDIA GeForce GTX 1070]], which uses the GP104 die manufactured by TSMC on its 16 nm node]]
TSMC's N7+ is the first commercially available extreme-ultraviolet lithographic process in the semiconductor industry.<ref>{{cite web |last=Halfacree |first=Gareth |date=8 October 2019 |title=TSMC's EUV N7+ node hits volume production |url=https://bit-tech.net/news/tsmcs-euv-n7-node-hits-volume-production/1/ |access-date=9 July 2020 |website=bit-tech |language=en |archive-date=9 July 2020 |archive-url=https://web.archive.org/web/20200709153521/https://bit-tech.net/news/tsmcs-euv-n7-node-hits-volume-production/1/ |url-status=live }}</ref> It uses ultraviolet patterning and enables more acute circuits to be implemented on the silicon. N7+ offers a 15–20% higher transistor density and 10% reduction in power consumption than previous technology.<ref>{{cite web |last=Shilov |first=Anton |title=TSMC: N7+ EUV Process Technology in High Volume, 6nm (N6) Coming Soon |url=https://www.anandtech.com/show/14954/tsmc-n7-euv-process-technology-in-hvm-n6-on-track |access-date=9 July 2020 |website=AnandTech |archive-date=8 August 2020 |archive-url=https://web.archive.org/web/20200808001956/https://www.anandtech.com/show/14954/tsmc-n7-euv-process-technology-in-hvm-n6-on-track |url-status=live }}</ref><ref>{{cite web|last=October 2019|first=Arne Verheyde 07|title=TSMC Starts Shipping EUV N7+ Chips, AMD Among Likely Customers|url=https://www.tomshardware.com/news/tsmc-amd-euv-n7-7nm-process,40575.html|access-date=9 July 2020|website=Tom's Hardware|date=7 October 2019|language=en}}</ref> The N7 achieved the fastest ever volume time to market, faster than 10&nbsp;nm and 16&nbsp;nm.<ref>{{cite web|title=TSMC Technology Roadmap|url=https://community.cadence.com/cadence_blogs_8/b/breakfast-bytes/posts/tsmc-technology-symposium-report|access-date=9 July 2020|website=community.cadence.com|language=en|archive-date=11 July 2020|archive-url=https://web.archive.org/web/20200711090201/https://community.cadence.com/cadence_blogs_8/b/breakfast-bytes/posts/tsmc-technology-symposium-report|url-status=live}}</ref>

The N5 iteration doubles transistor density and improves performance by an additional 15%.<ref>{{cite web|last=Zafar|first=Ramish|date=23 October 2019|title=TSMC's N7+ EUV Yield Dropped Below 70% Claims Report|url=https://wccftech.com/tsmc-7nm-euv-yield-alleged/|access-date=9 July 2020|website=Wccftech|language=en-US|archive-date=10 July 2020|archive-url=https://web.archive.org/web/20200710233538/https://wccftech.com/tsmc-7nm-euv-yield-alleged/|url-status=live}}</ref><ref>{{cite web|title=TSMC enters high volume production with N7+ EUV process|url=https://www.techspot.com/news/82246-tsmc-enters-high-volume-production-n7-euv-process.html|access-date=9 July 2020|website=TechSpot|date=8 October 2019 |language=en-US|archive-date=9 July 2020|archive-url=https://web.archive.org/web/20200709083427/https://www.techspot.com/news/82246-tsmc-enters-high-volume-production-n7-euv-process.html|url-status=live}}</ref>

== Production capabilities ==
On 300&nbsp;mm wafers, TSMC has silicon lithography on node sizes:
* 0.13 μm (options: general-purpose (G), low-power (LP), high-performance low-voltage (LV)).
* 90&nbsp;nm (based upon 80GC from Q4/2006),
* 65&nbsp;nm (options: general-purpose (GP), low-power (LP), ultra-low power (ULP), LPG).
* 55&nbsp;nm (options: general-purpose (GP), low-power (LP)).
* 40&nbsp;nm (options: general-purpose (GP), low-power (LP), ultra-low power (ULP)).<ref>{{cite web |title=40nm Technology |url=https://www.tsmc.com/english/dedicatedFoundry/technology/40nm.htm |access-date=21 April 2019 |website=TSMC |archive-date=4 April 2019 |archive-url=https://web.archive.org/web/20190404182227/https://www.tsmc.com/english/dedicatedFoundry/technology/40nm.htm |url-status=live }}</ref>
* 28&nbsp;nm (options: high-performance (HP), high-performance mobile (HPM), high-performance computing (HPC), high-performance low-power (HPL), low-power (LP), high-performance computing Plus (HPC+), ultra-low power (ULP)) with HKMG.<ref>{{cite web |last=Nenni |first=Daniel |date=4 November 2015 |title=TSMC Unleashes Aggressive 28nm Strategy! |url=https://www.semiwiki.com/forum/content/4530-tsmc-unleashes-aggressive-28nm-strategy.html |access-date=16 January 2017 |website=SemiWiki.com |archive-date=24 March 2017 |archive-url=https://web.archive.org/web/20170324091114/https://www.semiwiki.com/forum/content/4530-tsmc-unleashes-aggressive-28nm-strategy.html |url-status=live }}</ref>
* 22&nbsp;nm (options: ultra-low power (ULP), ultra-low leakage (ULL))<ref>{{cite web |title=22nm Technology |url=https://www.tsmc.com/english/dedicatedFoundry/technology/22nm.htm |access-date=21 April 2019 |website=TSMC |archive-date=4 April 2019 |archive-url=https://web.archive.org/web/20190404182228/https://www.tsmc.com/english/dedicatedFoundry/technology/22nm.htm |url-status=live }}</ref>
* 20&nbsp;nm<ref>{{cite web |title=20nm Technology |url=https://www.tsmc.com/english/dedicatedFoundry/technology/20nm.htm |access-date=21 April 2019 |website=TSMC |archive-date=4 April 2019 |archive-url=https://web.archive.org/web/20190404182227/https://www.tsmc.com/english/dedicatedFoundry/technology/20nm.htm |url-status=live }}</ref>
* 16&nbsp;nm (options: FinFET (FF), FinFET Plus (FF+), FinFET Compact (FFC))<ref>{{cite web |title=16nm Technology |url=https://www.tsmc.com/english/dedicatedFoundry/technology/16nm.htm |access-date=21 April 2019 |website=TSMC |archive-date=10 July 2019 |archive-url=https://web.archive.org/web/20190710070706/https://www.tsmc.com/english/dedicatedFoundry/technology/16nm.htm |url-status=live }}</ref>
* 12&nbsp;nm (options: FinFET Compact (FFC), FinFET [[Company:Nvidia|Nvidia]] (FFN)), enhanced version of 16&nbsp;nm process.<ref>{{cite web|url=https://www.eenewsanalog.com/news/report-tsmc-relabel-process-12nm|title=Report: TSMC to relabel process as 12nm|date=29 November 2016|website=eeNews Analog|language=en|access-date=21 April 2019|archive-date=21 April 2019|archive-url=https://web.archive.org/web/20190421224658/https://www.eenewsanalog.com/news/report-tsmc-relabel-process-12nm|url-status=live}}</ref>
* [[Engineering:10 nm process|10&nbsp;nm]] (options: FinFET (FF))<ref>{{cite web |title=10nm Technology |url=https://www.tsmc.com/english/dedicatedFoundry/technology/10nm.htm |access-date=21 April 2019 |website=TSMC |archive-date=4 April 2019 |archive-url=https://web.archive.org/web/20190404182219/https://www.tsmc.com/english/dedicatedFoundry/technology/10nm.htm |url-status=live }}</ref>
* 7&nbsp;nm (options: FinFET (FF), FinFET Plus (FF+), FinFET Pro (FFP), high-performance computing (HPC))<ref>{{cite web |title=7nm Technology |url=https://www.tsmc.com/english/dedicatedFoundry/technology/7nm.htm |access-date=21 April 2019 |website=TSMC |archive-date=9 June 2019 |archive-url=https://web.archive.org/web/20190609143522/https://www.tsmc.com/english/dedicatedFoundry/technology/7nm.htm |url-status=live }}</ref>
* 6&nbsp;nm (options: FinFET (FF)), risk production started in Q1 2020, enhanced version of 7&nbsp;nm process.<ref name=":0" />
* [[Engineering:5 nm process|5&nbsp;nm]] (options: FinFET (FF)).
* [[Engineering:5 nm process|4&nbsp;nm]] (options: FinFET (FF)). risk production started in 2021, enhanced version of 5&nbsp;nm process.
* [[Engineering:3 nm process|3&nbsp;nm]] (options: FinFET (FF)). volume production started in Q4 2022<ref>{{cite web |url=https://www.tomshardware.com/news/tsmc-kicks-off-3nm-production |title=TSMC Kicks Off 3nm Production: A Long Node to Power Leading Chips |date=30 December 2022 |website=www.tomshardware.com |language=en-us |access-date=5 December 2023 |archive-date=29 November 2023 |archive-url=https://web.archive.org/web/20231129151111/https://www.tomshardware.com/news/tsmc-kicks-off-3nm-production |url-status=live}}</ref>

It also offers "design for manufacturing" (DFM) customer services.<ref>{{cite web |title=Advanced 12-inch Technology |url=http://www.tsmc.com/english/dedicatedFoundry/technology/advanced_12inch_technology.htm |archive-url=https://web.archive.org/web/20161211053506/http://www.tsmc.com/english/dedicatedFoundry/technology/advanced_12inch_technology.htm |archive-date=11 December 2016 |access-date=16 January 2017 |website=TSMC}}</ref>

In press publications, these processes will often be referenced, for example, for the mobile variant, simply by 7''nmFinFET'' or even more briefly by 7FF.

At the beginning of 2019, TSMC was advertising N7+, N7, and N6 as its leading edge technologies,<ref name=":0">{{cite web |date=16 April 2019 |title=TSMCUnveils 6-nanometer Process |url=https://www.tsmc.com/uploadfile/pr/newspdf/THWQWQTHTH/NEWS_FILE_EN.pdf |access-date=16 April 2019 |website=TSMC |archive-date=17 April 2019 |archive-url=https://web.archive.org/web/20190417144858/https://www.tsmc.com/uploadfile/pr/newspdf/THWQWQTHTH/NEWS_FILE_EN.pdf |url-status=live }}</ref>

As of June 2020, TSMC is the manufacturer selected for production of [[Company:Apple Inc.|Apple]]'s 5 nanometer [[ARM architecture|ARM]] processors, as "the company plans to eventually transition the entire Mac lineup to its Arm-based processors, including the priciest desktop computers".<ref>{{Cite news|last=Marc|first=Gurman|date=9 June 2020|title=Apple Plans to Announce Move to Its Own Mac Chips at WWDC|url=https://news.google.com/articles/CAIiEMmSL5JFXu8OljLTwK_sHXwqGQgEKhAIACoHCAow4uzwCjCF3bsCMIrOrwM|access-date=10 June 2020|publisher=Bloomberg L.P.|language=en|via=Google News}}</ref>

In July 2020, TSMC signed a 20-year deal with Ørsted to buy the entire production of two offshore wind farms under development off Taiwan's west coast. At the time of its signing, it was the world's largest corporate green energy order ever made.<ref>{{Cite news |last=Strong |first=Matthew |date=8 July 2020 |title=Taiwan chip giant TSMC places world's largest wind power order with Ørsted |work=Taiwan News |url=https://www.taiwannews.com.tw/en/news/3962736 |access-date=8 July 2020 |archive-date=10 July 2020 |archive-url=https://web.archive.org/web/20200710194936/https://www.taiwannews.com.tw/en/news/3962736 |url-status=live }}</ref>

In July 2021, both Apple and Intel were reported to be testing their proprietary chip designs with TSMC's 3&nbsp;nm production.<ref>{{cite news |last1=Ting-Fang |first1=Cheng |title=Apple and Intel become first to adopt TSMC's latest chip tech |url=https://asia.nikkei.com/Business/Tech/Semiconductors/Apple-and-Intel-become-first-to-adopt-TSMC-s-latest-chip-tech |access-date=23 July 2021 |work=Nikkei Asia |date=2 July 2021 |archive-date=23 July 2021 |archive-url=https://web.archive.org/web/20210723012923/https://asia.nikkei.com/Business/Tech/Semiconductors/Apple-and-Intel-become-first-to-adopt-TSMC-s-latest-chip-tech |url-status=live }}</ref>

== Facilities ==

{| class="wikitable zebra mw-collapsible"
|+ TSMC Facilities
! style="width:5em"| Name
! style="width:15em"| Location
! style="width:10em"| Category
! Remarks
|-
| Fab&nbsp;2 || Hsinchu<br />({{coord|24|46|25|N|120|59|55|E|region:TW-HSZ_dim:500_type:building|name=TSMC Fab&nbsp;2}})
| 150&nbsp;mm wafer
|
|-
| Fab&nbsp;3 || Hsinchu<br />({{coord|24|46|31|N|120|59|28|E|region:TW-HSZ_dim:500_type:building|name=TSMC Fab&nbsp;3}})
| 200&nbsp;mm wafer
|
|-
| Fab&nbsp;5 || Hsinchu<br />({{coord|24|46|25|N|120|59|55|E|region:TW-HSZ_dim:500_type:building|name=TSMC Fab&nbsp;5}})
| 200&nbsp;mm wafer
|
|-
| Fab&nbsp;6 || Shanhua District<br />({{coord|23|06|36.2|N|120|16|24.7|E|region:TW-TNN_dim:500_type:building|name=TSMC Fab&nbsp;6}})<!-- Koordinaten nach Google Maps-->
| 200&nbsp;mm wafer
| phases 1 & 2 operational
|-
| Fab&nbsp;8 || Hsinchu<br />({{coord|24|45|44|N|121|01|11|E|region:TW-HSZ_dim:500_type:building|name=TSMC Fab&nbsp;8}})
| 200&nbsp;mm wafer
|
|-
| Fab&nbsp;10 || Songjiang, [[Place:Shanghai|Shanghai]]<br />({{coord|31|2|7.6|N|121|9|33|E|region:CN-SH_dim:500_type:building|name=TSMC Fab&nbsp;10}})
| 200&nbsp;mm wafer
| TSMC China Company Limited
|-
| Fab&nbsp;11 || Camas, Washington<br />({{coord|45|37|7.7|N|122|27|20|W|region:US-WA_dim:500_type:building|name=TSMC Fab&nbsp;11}})
| 200&nbsp;mm wafer
| WaferTech L.L.C.; 100% TSMC
|-
| Fab&nbsp;12A || Hsinchu<br />({{coord|24|46|24.9|N|121|0|47.2|E|region:TW-HSZ_dim:500_type:building|name=TSMC Fab&nbsp;12A}})
| 300&nbsp;mm wafer
| phases 1, 2, 4–7 operational, phase 8 under construction, and phase 9 planned <br />TSMC head office
|-
| Fab&nbsp;12B || Hsinchu<br />({{coord|24|46|37|N|120|59|35|E|region:TW-HSZ_dim:500_type:building|name=TSMC Fab&nbsp;12B}})
| 300&nbsp;mm wafer
| TSMC R&D Center, phase 3 operational
|-
| Fab&nbsp;14 || Shanhua District<br />({{coord|23|06|46.2|N|120|16|26.9|E|region:TW-TNN_dim:500_type:building|name=TSMC Fab&nbsp;14}})
| 300&nbsp;mm wafer
| phases 1–7 operational, phase 8 under construction
|-
| Fab&nbsp;15 || Taichung<br />({{coord|24|12|41.3|N|120|37|2.4|E|region:TW-TXG_dim:500_type:building|name=TSMC Fab&nbsp;15}})
| 300&nbsp;mm wafer
| phases 1–7 operational
|-
| Fab&nbsp;16 || Nanjing, Jiangsu<br />({{coord|31|58|33|N|118|31|59|E|region:CN-JS_dim:500_type:building|name=TSMC Fab&nbsp;16}})
| 300&nbsp;mm wafer
| TSMC Nanjing Company Limited
|-
| Fab&nbsp;18 || Anding District, Tainan<br />({{coord|23|07|05|N|120|15|45|E|region:TW-TNN_dim:250_type:building|name=TSMC Fab&nbsp;18}})
| 300&nbsp;mm wafer
| phases 1–8 operational
|-
| Fab&nbsp;20 || Hsinchu<br />({{coord|24|45|51|N|121|0|10|E|region:TW-HSZ_dim:500_type:building|name=TSMC Fab&nbsp;20}})
| 300&nbsp;mm wafer
| planned in 4 phases
|-
| Fab&nbsp;21 || Phoenix, Arizona<br />({{coord|33|46|30|N|112|09|30|W|region:US-AZ_dim:1000_type:building|name=TSMC Fab&nbsp;21}})
| 300&nbsp;mm wafer
| phase 1 under construction, opening projected for the end of 2024; phase 2 under construction, opening projected for the end of 2026
|-
| Fab&nbsp;22 || Kaohsiung<br />({{coord|22|42|35|N|120|18|44|E|region:TW-KHH_dim:500_type:building|name=TSMC Fab&nbsp;22}})
| 300&nbsp;mm wafer
| 2 phases planned; phase 1 under construction, phase 2 postponed indefinitely
|-
| JASM<br />(Fab 23) || Kumamoto (Japan)<br />({{coord|32|53|8|N|130|50|33|E|region:JP-43_dim:500_type:building|name=TSMC Fab&nbsp;23}})
| 300&nbsp;mm wafer
| Japan Advanced Semiconductor Manufacturing, Inc.<br />
joint venture founded by TSMC (70%), SSSC (20%), and Denso (10%)<br />
under construction, opening projected for the end of 2024
|-
| SSMC || [[Place:Singapore|Singapore]]<br />({{coord|1|22|58|N|103|56|5.7|E|region:SG_dim:500_type:building|name=SSMC (TSMC-NXP JV)}})
| 200&nbsp;mm wafer
| Systems on Silicon Manufacturing Cooperation, 1998 founded as joint venture by TSMC, [[Company:Philips|Philips]] Semiconductors (now NXP Semiconductors), and EDB Investments, Singapore. In November 2006 EDB left the joint venture and TSMC raised their stake in SSMC to 38.8%, NXP to 61.2%.
|-
| Advanced Backend Fab&nbsp;1 || Hsinchu<br />({{coord|24|46|39.6|N|120|59|28.9|E|region:TW-HSZ_dim:500_type:building|name=TSMC Advanced Backend Fab&nbsp;1}})
| Backend
|
|-
| Advanced Backend Fab&nbsp;2 || Shanhua District<br />({{coord|23|06|46.2|N|120|16|26.9|E|region:TW-TNN_dim:500_type:building|name=TSMC Advanced Backend Fab&nbsp;2}})
| Backend
| AP2B and AP2C operational
|-
| Advanced Backend Fab&nbsp;3 || Longtan District, Taoyuan<br />({{coord|24.883541|121.186478|region:TW-TAO_dim:250_type:building|name=TSMC Advanced Backend Fab&nbsp;3}})
| Backend
|
|-
| Advanced Backend Fab&nbsp;5 || Taichung<br />({{coord|24|12|52.9|N|120|37|05.1|E|region:TW-TXG_dim:500_type:building|name=TSMC Advanced Backend Fab&nbsp;5}})
| Backend
|
|-
| Advanced Backend Fab&nbsp;6 || Zhunan<br />({{coord|24|42|25|N|120|54|26|E|region:TW-HSZ_dim:500_type:building|name=TSMC Advanced Backend Fab&nbsp;6}})
| Backend
| planned in 3 phases, AP6A operational, phases B & C under construction

|}

=== Arizona ===
[[File:231105-1 TSMC Fab 21 construction.jpg|thumb|Fab 21 under construction in Phoenix, Arizona in November 2023]]
In 2020, TSMC announced a planned fab in Phoenix, Arizona, intended to begin production by 2024 at a rate of 20,000 wafers per month. As of 2020, TSMC announced that it would bring its newest 5&nbsp;nm process to the Arizona facility, a significant break from its prior practice of limiting US fabs to older technologies. The Arizona plant was estimated to not be fully operational until 2024, when the 5&nbsp;nm process is projected to be replaced by TSMC's [[Engineering:3 nm process|3 nm process]] as the latest technology.<ref name=":1">{{Cite news|last=Gallagher|first=Dan|date=15 May 2020|title=What a Small Chip Fab Really Buys|language=en-US|work={{wipe|The Wall Street Journal}}|url=https://www.wsj.com/articles/what-a-small-chip-fab-really-buys-11589566586|access-date=2020-11-27|issn=0099-9660|archive-date=6 December 2020|archive-url=https://web.archive.org/web/20201206082943/https://www.wsj.com/articles/what-a-small-chip-fab-really-buys-11589566586|url-status=live}}</ref> At launch it will be the most advanced fab in the United States.<ref name="anandtech.com">{{Cite news |last=Smith |first=Ryan |date=15 May 2020 |title=TSMC To Build 5nm Fab In Arizona, Set To Come Online In 2024 |url=https://www.anandtech.com/show/15803/tsmc-build-5nm-fab-in-arizona-for-2024 |access-date=18 October 2020 |archive-date=20 October 2020 |archive-url=https://web.archive.org/web/20201020184623/https://www.anandtech.com/show/15803/tsmc-build-5nm-fab-in-arizona-for-2024 |url-status=live }}</ref> TSMC plans to spend $12&nbsp;billion on the project over eight years, beginning in 2021.<ref name=":1" /> TSMC claimed the plant will create 1,900 full-time jobs.<ref>{{Cite news |last=Chang |first=Eric |date=24 December 2020 |title=Taiwan's TSMC begins hiring push for $12 billion Arizona facility |work=Taiwan News |url=https://www.taiwannews.com.tw/en/news/4085851 |url-status=live |access-date=27 February 2021 |archive-url=https://web.archive.org/web/20210128160706/https://www.taiwannews.com.tw/en/news/4085851 |archive-date=28 January 2021}}</ref>

In December 2022, TSMC announced its plans to triple its investment in the Arizona plants in response to the growing tensions between the US and China and the [[Finance:2021–2023 global supply chain crisis|supply chain disruption]] that has led to chip shortages.<ref>{{cite news |date=7 December 2022 |title=iPhone chip-maker TSMC invests $40bn in Arizona plants |publisher=BBC News |url=https://www.bbc.com/news/business-63883047 |access-date=7 December 2022}}</ref> In that same month, TSMC stated that they were running into major cost issues, because the cost of construction of buildings and facilities in the US is four to five times what an identical plant would cost in Taiwan, (due to higher costs of labor, red tape, and training), as well as difficulty finding qualified personnel (for which it has hired US workers and sent them for training in Taiwan for 12–18 months.) These additional production costs will increase the cost of TSMC's chips made in the US to at least 50% more than the cost of chips made in Taiwan.<ref name="WSJ_2022-12-05">{{cite news |last=Jie |first=Yang |date=5 December 2022 |title=TSMC's Arizona Chip Plant, Awaiting Biden Visit, Faces Birthing Pains – Taiwanese company cites high costs and shortage of skilled personnel as it pushes to open $12 billion factory next year |newspaper=Wall Street Journal |url=https://www.wsj.com/articles/tsmcs-arizona-chip-plant-awaiting-biden-visit-faces-birthing-pains-11670236129?mod=Searchresults_pos2&page=1 |url-status=live |access-date=4 March 2023 |archive-url=https://web.archive.org/web/20230303023453/https://www.wsj.com/articles/tsmcs-arizona-chip-plant-awaiting-biden-visit-faces-birthing-pains-11670236129?mod=Searchresults_pos2&page=1 |archive-date=3 March 2023 |quote=Mr. Chang said the cost of making chips in Arizona may be at least 50% higher than in Taiwan.}}</ref><ref name="Noah_SS">{{cite web |last=Smith |first=Noah |date=7 February 2023 |title=The Build-Nothing Country – Stasis has become America's spoils system, and it can't go on. |url=https://noahpinion.substack.com/p/the-build-nothing-country?sd=pf |url-status=live |archive-url=https://web.archive.org/web/20230303023452/https://noahpinion.substack.com/p/the-build-nothing-country?sd=pf |archive-date=3 March 2023 |access-date=4 March 2023 |quote=Even in semiconductors, the ultra-high-tech industry where the U.S. and its allies must maintain leadership in order to maintain their edge over China, the U.S. can’t seem to build much. TSMC, the Taiwanese company that recently agreed to build a big plant in Arizona, is running into major cost issues:}}</ref><ref>{{cite tweet|number=1614367722921418752|user=kevinsxu|title=We're not able to share with you a specific cost gap number between Taiwan and US, but we can share with you that the major reason for the cost gap is the construction cost of building and facilities, which can be 4 to 5x greater for US fab versus a fab in Taiwan.|date=14 January 2023|access-date=2023-03-02}}</ref> In July 2023 TSMC warned that US talent was insufficient, so Taiwanese workers will need to be brought in for a limited time, and that the chip factory won't be operational until 2025.<ref>{{Cite web |last=Belanger |first=Ashley |date=2023-07-20 |title=TSMC delays US chip fab opening, says US talent is insufficient |url=https://arstechnica.com/tech-policy/2023/07/tsmc-delays-us-chip-fab-opening-says-us-talent-is-insufficient/ |access-date=2023-07-21 |website=Ars Technica |language=en-us}}</ref> In September 2023, an analyst said the chips will still need to be sent back to Taiwan for packaging.<ref>{{Cite web |last=Lovejoy |first=Ben |date=2023-09-11 |title=TSMC Arizona chip plant will be a paperweight, says analyst |url=https://9to5mac.com/2023/09/11/tsmc-arizona-chip-plant/ |access-date=2023-09-14 |website=9to5Mac |language=en-US}}</ref> In January 2024, TSMC chairman Liu again warned that Arizona lacked workers with the specialized skills to hire and that TSMC's second Arizona plant likely won't start volume production of advanced chips until 2027 or 2028.<ref>{{Cite web |last=Belanger |first=Ashley |date=2024-01-18 |title=TSMC predicts delays, less advanced chips at second Arizona fab |url=https://arstechnica.com/tech-policy/2024/01/bidens-plan-to-dominate-chips-market-may-face-delays-downgrades-at-tsmc-fabs/ |url-status=live |archive-url=https://web.archive.org/web/20240119180933/https://arstechnica.com/tech-policy/2024/01/bidens-plan-to-dominate-chips-market-may-face-delays-downgrades-at-tsmc-fabs/ |archive-date=2024-01-19 |access-date=2024-01-19 |website=Ars Technica |language=en-us}}</ref>

=== Central Taiwan Science Park ===
The investment of US$9.4&nbsp;billion to build its third 300mm wafer fabrication facility in Central Taiwan Science Park (Fab 15) was originally announced in 2010.<ref>{{cite news |url=https://www.reuters.com/article/idUSTOE66F03G20100716 |title=UPDATE 1-TSMC says plans $9.4 bln Taiwan plant |publisher=Reuters |date=16 July 2010 |access-date=16 July 2010 |archive-date=17 December 2019 |archive-url=https://web.archive.org/web/20191217040136/https://www.reuters.com/article/tsmc/update-1-tsmc-says-plans-9-4-bln-taiwan-plant-idUSTOE66F03G20100716 |url-status=live }}</ref> The facility was expected to manufacture over 100,000 wafers a month and generate US$5&nbsp;billion per year of revenue.<ref>{{cite web |last=Clendenin |first=Mike |date=21 July 2010 |title=Analyst Warns Of Semiconductor Monopoly |url=https://informationweek.com/mobile/analyst-warns-of-semiconductor-monopoly/d/d-id/1090953 |publisher=InformationWeek |access-date=17 April 2021 |archive-date=17 April 2021 |archive-url=https://web.archive.org/web/20210417120955/https://informationweek.com/mobile/analyst-warns-of-semiconductor-monopoly/d/d-id/1090953 |url-status=live }}</ref> TSMC has continued to expand advanced 28&nbsp;nm manufacturing capacity at Fab 15.<ref>{{cite news |url=http://fudzilla.com/home/item/29751-tsmc-increases-28nm-output |title=TSMC increases 28&nbsp;nm output |publisher=fudzilla |date=7 December 2012 |access-date=19 May 2014 |archive-date=22 May 2014 |archive-url=https://web.archive.org/web/20140522184345/http://fudzilla.com/home/item/29751-tsmc-increases-28nm-output |url-status=live }}</ref>

On 12 January 2011, TSMC announced the acquisition of land from [[Company:Powerchip Semiconductor|Powerchip Semiconductor]] for NT$2.9&nbsp;billion (US$96&nbsp;million) to build two additional 300mm fabs (Fab 12B) to cope with increasing global demand.<ref>{{cite news |url=http://news.cens.com/cens/html/en/news/news_inner_35080.html |title=TSMC Acquires PSC Land for New Fab Construction |publisher=Taiwan Economic News |date=13 January 2011 |access-date=13 January 2011 |url-status=dead |archive-url=https://web.archive.org/web/20110724033015/http://news.cens.com/cens/html/en/news/news_inner_35080.html |archive-date=24 July 2011 }}</ref>

=== WaferTech subsidiary ===

WaferTech, a subsidiary of TSMC, is a pure-play semiconductor foundry based in Camas, Washington, {{convert|32|km|mi|abbr=on}} outside {{wipe|Portland, Oregon}}, Oregon. The WaferTech campus contains a {{convert|9.3|ha|acre|abbr=on}} complex housed on {{convert|105|ha|acre|abbr=on}}, with a main fabrication facility consisting of a {{convert|12000|sqm|sqft|abbr=on}} 200mm wafer fabrication plant.<ref>{{cite web|title=WaferTech site subject of speculation|url=https://www.columbian.com/news/2013/jan/30/wafertech-site-subject-speculation/|access-date=2021-07-16|website=The Columbian|language=en-US|archive-date=16 July 2021|archive-url=https://web.archive.org/web/20210716152650/https://www.columbian.com/news/2013/jan/30/wafertech-site-subject-speculation/|url-status=live}}</ref> The site is the second-largest pure-play foundry in the United States, employing 1,100 workers.{{Citation needed|date=May 2014}} The largest is GlobalFoundries Fab 8 in Malta, New York, which employs over 3,000 workers with over {{convert|278709|sqm|sqft|abbr=on}} under one roof.

As of 2024, the facility supports node sizes of 0.35, 0.30, 0.25, 0.22, 0.18, and 0.16 micrometers, with an emphasis on embedded flash process technology.<ref>{{cite web|url=https://www.tsmcwashington.com/en/foundry/technology.html|title=Technology|access-date=January 28, 2024|website=tsmcwashington.com}}</ref>

==== History ====

WaferTech was established in June 1996 as a joint venture with TSMC, [[Company:Altera|Altera]], Analog Devices, and ISSI as key partners. The four companies and minor individual investors placed US$1.2&nbsp;billion into this venture, which was at the time the single largest startup investment in the state of Washington. The company started production in July 1998 in its 200mm semiconductor fabrication plant. Its first product was a 0.35 micrometer part for Altera.{{Citation needed|date=May 2014}}

TSMC bought out the joint venture partners in 2000 and acquired full control, operating it as a fully owned subsidiary.<ref>{{Cite news |date=15 December 2000 |title=Company News – Chip maker is buying out three WaferTech partners |work=The New York Times |agency=Bloomberg |url=https://www.nytimes.com/2000/12/15/business/company-news-chip-maker-is-buying-out-three-wafertech-partners.html |access-date=17 April 2021 |archive-date=17 April 2021 |archive-url=https://web.archive.org/web/20210417120953/https://www.nytimes.com/2000/12/15/business/company-news-chip-maker-is-buying-out-three-wafertech-partners.html |url-status=live }}</ref>

In 2015, Dr. Tsung Kuo was named company president and fab director of WaferTech.<ref>{{cite web|title=WaferTech promotes Kuo to president, fab director|url=https://www.columbian.com/news/2015/aug/20/wafertech-promotes-kuo-president-fab-director/|access-date=2021-12-17|website=The Columbian|language=en-US|archive-date=17 December 2021|archive-url=https://web.archive.org/web/20211217184011/https://www.columbian.com/news/2015/aug/20/wafertech-promotes-kuo-president-fab-director/|url-status=live}}</ref>

=== Germany ===
In August 2023, TSMC committed 3.5 billion Euros to a 10+ billion Euro factory in Dresden, Germany, with participation of Robert Bosch GmbH, [[Company:Infineon Technologies|Infineon Technologies]] and NXP Semiconductors and a 5 billion Euro subsidy from the German government, in exchange for a 70% majority in the resulting European Semiconductor Manufacturing Company (ESMC).<ref>{{cite news |title=Taiwan's TSMC to build semiconductor factory in Germany |url=https://www.dw.com/en/taiwans-tsmc-to-build-semiconductor-factory-in-germany/a-66469463 |access-date=9 August 2023}}</ref><ref>{{cite news |title=TSMC approves joint venture to build plant in Dresden, Germany |url=https://focustaiwan.tw/business/202308080019 |access-date=9 August 2023}}</ref><ref>{{cite news |title=Germany spends big to win $11 billion TSMC chip plant |url=https://edition.cnn.com/2023/08/08/business/germany-tsmc-chip-plant/index.html |access-date=9 August 2023}}</ref><ref>{{cite news |title=TSMC, Bosch, Infineon, and NXP Establish Joint Venture to Bring Advanced Semiconductor Manufacturing to Europe |url=https://pr.tsmc.com/english/news/3049}}</ref>

== See also ==
{{Div col|colwidth=24em}}
* List of companies of Taiwan
* [[Engineering:List of semiconductor fabrication plants|List of semiconductor fabrication plants]]
* [[Moore's law]]
* [[Physics:Quantum tunnelling|Quantum tunnelling]]
* [[Engineering:Semiconductor device fabrication|Semiconductor device fabrication]]
* [[Engineering:Semiconductor industry in Taiwan|Semiconductor industry in Taiwan]]
* [[Engineering:Very Large Scale Integration|Very Large Scale Integration]]
{{Div col end}}

== References ==
{{Reflist}}

== External links ==
* {{Finance links
| symbol = TSM
| sec_cik = TSM
| google = NYSE:TSM
| yahoo = TSM
| bloomberg = TSM:US
| reuters = TSM
| nasdaq = TSM
}}

{{Electronics industry in Taiwan}}
{{Major semiconductor companies}}

[[Category:Foundry semiconductor companies]]
[[Category:Companies listed on the New York Stock Exchange]]
[[Category:Computer hardware companies]]

{{Sourceattribution|TSMC}}