Taiwan Semiconductor Manufacturing Company Limited TSM AITECH
Company Overview
Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides various wafer fabrication processes, such as processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others. The company also involved in providing customer and engineering support services; manufacturing of masks; investment in technology start-up companies; research, designing, developing, manufacturing, packaging, testing, and sale of color filters; and investment activities. Its products are used in high performance computing, smartphones, Internet of things, automotive, and digital consumer electronics. Taiwan Semiconductor Manufacturing Company Limited was incorporated in 1987 and is headquartered in Hsinchu City, Taiwan.
Why Investors Should Care
Generates a return on equity of 40.0%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 30.2%.
Net profit has compounded at 19.6% per year over the last five years.
Revenue has grown at a 18.9% CAGR over the past five years.
Maintains a net profit margin of 49.9%.
Carries low leverage with a debt-to-equity ratio of 0.17.
Recent Developments
- Dec 2025 Revenue of $3.81T (+31.6% YoY); net profit $1.70T.
- Trailing 12 Months Year-on-year growth — revenue +36.0%, earnings +77.4%.
- 5-Year Trend Long-term compounding — revenue CAGR 18.9%, profit CAGR 19.6%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 18.94% |
| 1 Year: | 36.00% |
Compounded Profit Growth
| 5 Years: | 19.57% |
| 1 Year: | 77.40% |
Stock Price Performance
| 1 Year: | +72.68% |
| 6 Months: | +8.30% |
| 3 Months: | +2.49% |
| 1 Month: | -7.66% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
Manufactures essentially all leading-edge AI chips (NVDA, AMD, AAPL, AVGO, MRVL custom silicon) on N5/N4/N3, ramping N2 + CoWoS advanced packaging.
- Manufacturing the world's AI chips TSMC fabricates the leading-edge silicon for NVIDIA, AMD, Apple and hyperscalers — the indispensable foundry of the AI era.
- CoWoS advanced packaging Its CoWoS packaging — critical for AI accelerators and HBM integration — is sold out and expanding.
- Leading-edge nodes 3nm/2nm process leadership keeps TSMC the partner of choice for advanced AI chips.
- The foundry monopoly at the centre of AI compute — net margin ~47%, ROE ~36%.
- CoWoS packaging is a supply-constrained, high-value AI bottleneck it controls.
- Pricing power and leading-edge dominance give durable, high returns.
- Geopolitical (Taiwan) risk and capex intensity are the main concerns.
Curated from public filings and analyst commentary; figures are illustrative.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 40.0%.
- Healthy ROCE of 30.2%.
- Excellent profit margin of 49.9%.
- Compounding revenue at 18.9% over 5 years.
- Profit CAGR of 19.6% over 5 years.
- Generates positive free cash flow.
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | TSM Taiwan Semiconductor Manufacturing Company Limited AITECH | 412.35 | 30.73 | $2.14T | 0.95% | 30.20% | 39.97% | 18.94% | 19.57% |
| 2 | NVDA NVIDIA Corporation NDXSPXR3KAITECH | 212.21 | 26.79 | $5.12T | 0.46% | 74.66% | 117.21% | 24.64% | 32.12% |
| 3 | AAPL Apple Inc. NDXSPXR3KTECH | 348.22 | 39.93 | $5.08T | 0.32% | 68.72% | 148.75% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXR3KAITECH | 521.08 | 29.00 | $3.87T | 0.79% | 26.33% | 34.04% | 9.93% | 11.90% |
| 5 | AVGO Broadcom Inc. NDXSPXR3KAITECH | 323.24 | 41.28 | $1.54T | 0.72% | 16.70% | 44.25% | 17.04% | 54.08% |
| 6 | MU Micron Technology, Inc. NDXSPXR3KAITECH | 856.49 | 19.34 | $967.31B | 0.05% | 13.69% | 66.64% | 13.68% | 26.02% |
| 7 | AMD Advanced Micro Devices, Inc. NDXSPXR3KAITECH | 507.93 | 129.57 | $829.18B | 0.00% | 5.47% | 10.20% | 11.81% | 66.28% |
| 8 | ASML ASML Holding N.V. NDXAITECH | 1,560.54 | 50.65 | $599.40B | 0.50% | 42.97% | 53.94% | 15.55% | 19.55% |
| 9 | INTC Intel Corporation NDXSPXR3KAITECH | 85.49 | -40.90 | $451.91B | 0.00% | -0.01% | -10.71% | 1.80% | - |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | - | 839.25B | 933.79B | 989.92B | 1.05T | 1.13T |
| Cost of Revenue | - | 345.86B | 386.42B | 401.38B | 394.10B | 382.81B |
| Gross Profit | - | 493.40B | 547.37B | 588.54B | 651.99B | 751.30B |
| Operating Expenses | - | 86.31B | 83.93B | 87.86B | 87.11B | 92.35B |
| Operating Income | - | 407.09B | 463.44B | 500.69B | 564.88B | 658.95B |
| EBITDA | - | 608.71B | 684.78B | 691.11B | 757.51B | 855.97B |
| Interest Expense | 2.52B | 2.68B | - | 2.96B | 3.04B | 2.72B |
| Pretax Income | - | 430.90B | 493.04B | 525.37B | 592.36B | 687.80B |
| Tax Provision | - | 70.16B | 95.54B | 73.61B | 107.21B | 115.00B |
| Net Income | - | 361.56B | 398.27B | 452.30B | 485.47B | 572.48B |
| Diluted EPS | - | 69.70 | 76.80 | 87.20 | 97.50 | 110.40 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | - | 2.26T | 2.16T | 2.89T | 3.81T |
| Cost of Revenue | - | 915.54B | 986.63B | 1.27T | 1.53T |
| Gross Profit | - | 1.35T | 1.18T | 1.62T | 2.28T |
| Operating Expenses | - | 227.13B | 253.68B | 302.35B | 345.20B |
| Operating Income | - | 1.12T | 921.43B | 1.32T | 1.94T |
| EBITDA | - | 1.59T | 1.52T | 2.08T | 2.74T |
| Interest Expense | - | 11.75B | 12.00B | 10.50B | 12.37B |
| Pretax Income | - | 1.14T | 979.32B | 1.41T | 2.04T |
| Tax Provision | - | 150.78B | 128.29B | 248.32B | 346.53B |
| Net Income | - | 992.92B | 851.74B | 1.16T | 1.70T |
| Diluted EPS | - | 196.00 | 161.70 | 226.25 | 331.25 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Total Assets | - | 4.96T | 5.53T | 6.69T | 7.93T |
| Current Assets | - | 2.05T | 2.19T | 3.09T | 3.82T |
| Cash & Equivalents | - | 1.34T | 1.47T | 2.13T | 2.77T |
| Inventory | - | 221.15B | 251.00B | 287.87B | 288.11B |
| Receivables | - | 229.76B | 201.31B | 270.68B | 279.05B |
| Total Liabilities | - | 2.05T | 2.08T | 2.41T | 2.54T |
| Current Liabilities | - | 986.56B | 942.81B | 1.31T | 1.52T |
| Long Term Debt | - | 839.10B | 918.28B | 958.43B | 896.06B |
| Total Debt | - | 888.17B | 956.26B | 1.05T | 1.06T |
| Total Equity | - | 2.90T | 3.43T | 4.24T | 5.36T |
| Shares Outstanding | - | 25.93B | 25.93B | 25.93B | 25.93B |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 1.61T | 1.24T | 1.83T | 2.27T |
| Investing Cash Flow | - | -1.19T | -906.12B | -864.84B | -1.14T |
| Financing Cash Flow | - | -200.24B | -204.89B | -346.30B | -440.34B |
| Capital Expenditure | - | -1.09T | -955.40B | -964.98B | -1.28T |
| Free Cash Flow | - | 520.97B | 286.57B | 861.20B | 992.38B |
| Net Change in Cash | - | 219.43B | 130.95B | 615.03B | 690.24B |
Ratios (Annual)
Figures in %.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Gross Margin % | - | 59.6% | 54.4% | 56.1% | 59.9% |
| Operating Margin % | - | 49.5% | 42.6% | 45.7% | 50.8% |
| Net Margin % | - | 43.9% | 39.4% | 40.0% | 44.6% |
| ROE % | - | 34.2% | 24.8% | 27.3% | 31.7% |
| ROCE % | - | 28.2% | 20.1% | 24.6% | 30.2% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | FMR, LLC | 1.14% | 58.94M | $26.72B |
| 2 | Capital World Investors | 0.66% | 34.37M | $15.58B |
| 3 | Sanders Capital, LLC | 0.50% | 26.15M | $11.85B |
| 4 | JPMORGAN CHASE & CO | 0.46% | 23.83M | $10.80B |
| 5 | Blackrock Inc. | 0.39% | 20.11M | $9.12B |
| 6 | Fisher Asset Management, LLC | 0.36% | 18.87M | $8.55B |
| 7 | Van Eck Associates Corporation | 0.33% | 17.21M | $7.80B |
| 8 | Morgan Stanley | 0.31% | 15.85M | $7.18B |
| 9 | Goldman Sachs Group Inc | 0.31% | 16.13M | $7.31B |
| 10 | Bank of America Corporation | 0.29% | 15.28M | $6.93B |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for TSM
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TSM — Frequently Asked Questions
What is the current share price of Taiwan Semiconductor Manufacturing Company Limited (TSM)?
As of 2026-10-22 16:30 PDT, Taiwan Semiconductor Manufacturing Company Limited (TSM) trades at $412.35 on NYSE. Its 52-week range is $224.84 to $485.80.
What is the market capitalisation of TSM?
Taiwan Semiconductor Manufacturing Company Limited (TSM) has a market capitalisation of $2.14T on NYSE.
What is the P/E ratio of TSM?
TSM trades at a trailing price-to-earnings (P/E) ratio of 30.73. The industry average P/E is 30.05. Its price-to-book (P/B) ratio is 89.01.
Does TSM pay a dividend?
Taiwan Semiconductor Manufacturing Company Limited (TSM) currently offers a dividend yield of 0.95%.
What is the return on equity (ROE) of TSM?
TSM has a return on equity (ROE) of 39.97%. Its return on capital employed (ROCE) is 30.20%.
Is TSM a good stock to buy?
This page provides a data-driven analysis of Taiwan Semiconductor Manufacturing Company Limited (TSM), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.