Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM)

Over the past six months, TSM's stock has seen significant movement. As of March 27, 2026, the share price was $326.74, representing an increase of 96.83% over the past year. The stock's price increased by 95.19% over the last 12 months, with a year-to-date return of 6.70%, but decreased by 13.44% in the past month. Key events include TSMC shares hitting a record high in February 2024 due to Nvidia's increased price target, a new $100 billion investment in U.S. chip manufacturing announced in March 2025, strong Q1 2025 EPS and sales posted in April 2025, record Q4 2025 results and robust Q1 2026 guidance delivered in January 2026, and Apple's partnership announcement in March 2026 to produce chips at TSMC's Washington state facility. Recent trading included a sharper pullback versus the broader market.

TSMC's business exhibits seasonality, with demand often peaking in Q3 and experiencing a low in Q1. Historically, October has been the strongest month, while September tends to be the weakest. The company's financial results fluctuate with a cycle time of a few years, influenced by the broader electronics industry cycle and customer demand for products like smartphones.

Taiwan Semiconductor Manufacturing Co., Ltd. (TSM) is the world's largest dedicated independent semiconductor foundry. The company manufactures, packages, tests, and sells integrated circuits and other semiconductor devices, utilizing advanced process technologies like 7-nanometer, 5-nanometer, and 3-nanometer chips, with plans for 2-nanometer mass production in 2025. These chips are used in AI, HPC, smartphones, IoT devices, automotive electronics, and digital consumer electronics. Major customers include Nvidia, Apple, Broadcom, Qualcomm, AMD, and MediaTek.

Headquartered in Hsinchu Science Park, Taiwan, TSMC has manufacturing sites in Taiwan, the United States (Arizona and Washington state), Japan (Kumamoto), and China (Nanjing). It also has design service centers and sales offices across North America, Europe, Japan, China, South Korea, and India. TSMC is expanding its global manufacturing footprint with investments in new facilities in the U.S., Japan, and Germany.

TSMC maintains a strong brand reputation due to its market dominance, technology leadership, and role in the global supply chain. It is recognized as the world's largest dedicated chip manufacturer, holding approximately 70% of the global semiconductor foundry market share. The company has grown rapidly due to the artificial intelligence boom. TSMC is included in the FTSE4Good Index and its global expansion strategy aims to strengthen supply chain resilience. In October 2024, TSMC informed the United States Department of Commerce about a potential breach of export controls.

TSMC has a broad ownership structure. The government of Taiwan, through the National Development Fund, Executive Yuan, is the largest individual shareholder with 6.38%, but the majority of TSMC is owned by foreign investors. Approximately 38% of shares are held by institutions, and around 56% by the general public. Major institutional owners include Fmr Llc, Sanders Capital, LLC, Capital World Investors, Capital International Investors, JPMorgan Chase & Co, Fisher Asset Management, LLC, Van Eck Associates Corp, Jane Street Group, Llc, BlackRock, Inc., and Susquehanna International Group, Llp. Other significant institutional holders include Capital Research and Management Company, Government of Singapore Investment Corporation, Norges Bank, Fidelity Investments, and The Vanguard Group.