MELANY's data-driven read on Taiwan Semiconductor Manufacturing Company Ltd..
Taiwan Semiconductor Manufacturing Co. is the world's largest dedicated chip foundry, with about 70% market share in 2025. Founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors, it went public in Taiwan in 1994 and as an ADR in the US in 1997. Its scale and high-quality technology support solid operating margins in the competitive foundry business, and the shift toward the fabless model has provided tailwinds for the company.
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