Taiwan Semiconductor Manufacturing Co. (TSMC) holds a strategically important position as a gatekeeper in the global supply chain for high-performance logic semiconductors, a key strategic component for technological innovations including 5G telecom networks, artificial intelligence, the Internet of Things and autonomous vehicles.

The company was founded in 1987 as the world’s first dedicated semiconductor foundry to manufacture chips designed by clients. It grew to occupy 54% share of the global foundry market in 2020.

The firm has also become the front-runner in leading-edge microfabrication technology, overtaking Intel Corp. TSMC is the only company in the world that can provide a stable supply of logic semiconductor chips mass-produced using 5-nanometer process technology.