Editing TSMC (section)

== Corporate affairs ==

=== Senior leadership ===

* ''Chief Executive:'' [[C. C. Wei (business executive)|C. C. Wei]] (since June 2018)<ref name="Bloomberg20240604" />
* ''Chairman:'' C. C. Wei (since June 2024)<ref name="Bloomberg20240604">{{Cite web |last=Lee |first=Jane |title=TSMC's New Chairman Affirms Hopes of AI-Fueled 2024 Recovery |url=https://www.bloomberg.com/news/articles/2024-06-04/tsmc-s-new-chairman-affirms-hopes-of-ai-fueled-2024-recovery |website=Bloomberg|date=4 June 2024 }}</ref>

==== List of former chairmen ====

# [[Morris Chang]] (1987–2018)
# [[Mark Liu]] (2018–2024)<ref name="Bloomberg20240604" />

==== List of former chief executives ====

# Morris Chang (1987–2005)
# [[Rick Tsai]] (2005–2009)
# Morris Chang (2009–2013); second term
# C. C. Wei and Mark Liu (2013–2018); co-CEO's<ref name="Bloomberg20240604" />

=== Business trends ===
{| class="wikitable floatright"
|+Sales by region (2024)<ref>{{Cite web |title=TSMC (Taiwan Semiconductor Manufacturing Company): Business Segments and Geographical Breakdown of Revenue |url=https://www.marketscreener.com/quote/stock/TSMC-TAIWAN-SEMICONDUCTOR-6492349/finances-segments/#geography |access-date=2025-05-10 |website=www.marketscreener.com |language=en-US}}</ref>
!Business
!share
|-
|[[United States]]
|68.8%
|-
|[[China]]
|11.5%
|-
|[[Taiwan]]
|9.3%
|-
|[[Japan]]
|5.0%
|-
|[[EMEA]]
|3.6%
|-
|Other
|1.8%
|}
The key trends for TSMC are (as of the financial year ending December 31):<ref>{{Cite web |title=TSMC Income Statement |url=https://www.wsj.com/market-data/quotes/TSM/financials/annual/income-statement |access-date=2 August 2024 |website=WSJ}}</ref><ref>{{Cite web |date=2020-01-11 |title=TSMC Income Statement (2014-2018) - WSJ |url=https://www.wsj.com/market-data/quotes/TSM/financials/annual/income-statement |access-date=2024-08-02 |archive-url=https://web.archive.org/web/20200111153620/https://www.wsj.com/market-data/quotes/TSM/financials/annual/income-statement |archive-date=11 January 2020 }}</ref><ref>{{Cite web |date=2024-04-04 |title=TSMC Income Statement (2019-2023) - WSJ |url=https://www.wsj.com/market-data/quotes/TSM/financials/annual/income-statement |access-date=2024-08-02 |archive-url=https://web.archive.org/web/20240404092653/https://www.wsj.com/market-data/quotes/TSM/financials/annual/income-statement |archive-date=4 April 2024 }}</ref>
{| class="wikitable" style="text-align:center"
!
!Revenue<br>(NT$ tr)
!Net profit<br>(NT$ bn)
!Employees<br>(k)<ref>{{Cite web |title=Taiwan Semiconductor Manufacturing: Number of Employees yearly |url=https://www.macrotrends.net/stocks/charts/TSM/taiwan-semiconductor-manufacturing/number-of-employees |access-date=2024-08-03 |website=www.macrotrends.net}}</ref>
|-
|2014
|0.76
|263
|43.5
|-
|2015
|0.84
|306
|45.2
|-
|2016
|0.94
|334
|46.9
|-
|2017
|0.97
|343
|48.6
|-
|2018
|1.0
|351
|48.7
|-
|2019
|1.0
|345
|51.2
|-
|2020
|1.3
|517
|56.8
|-
|2021
|1.5
|596
|65.1
|-
|2022
|2.2
|1,016
|73.0
|-
|2023
|2.1
|838
|76.4
|}
TSMC and the rest of the foundry industry are exposed to the [[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|author-first1=Ismini|author-last1=Scouras|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 name=prn4>{{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 Inc.|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 [[GlobalFoundries]] and [[United Microelectronics Corporation]]) have encountered difficulties ramping leading-edge 28&nbsp;nm capacity,<ref name="DigiTimes MediaTek GlobalFoundries" /> the leading [[Integrated Device Manufacturer]]s such as [[Samsung]] and [[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 percent 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 percent 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 percent 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" />

In 2019, TSMC was ranked fourth in the [[MEMS]] field, behind leader Silex Microsystems.<ref name="ft1">{{cite news |last1=Feng |first1=Emily |title=How China acquired mastery of vital microchip technology |url=https://www.ft.com/content/7cfb2f82-1ecc-11e9-b126-46fc3ad87c65 |newspaper=Financial Times |date=29 January 2019}}</ref> In 2021, TSMC was ranked third in the [[MEMS]] field.<ref name="een2">{{cite news |url=https://www.eenewseurope.com/en/chinas-silex-microsystems-remains-top-mems-foundry/ |title=China's Silex Microsystems remains top MEMS foundry |date=6 September 2022 }}</ref>

=== Ownership ===
Around 56 percent of TSMC shares are held by the general public and around 38 percent are held by institutions. The largest shareholders in early 2024 were:<ref>{{Cite web |title=Taiwan Semiconductor Manufacturing Company Limited Insider Trading & Ownership Structure |url=https://simplywall.st/stocks/us/semiconductors/nyse-tsm/taiwan-semiconductor-manufacturing/ownership |url-status=live |archive-url=https://web.archive.org/web/20240308175818/https://simplywall.st/stocks/us/semiconductors/nyse-tsm/taiwan-semiconductor-manufacturing/ownership |archive-date=8 March 2024 |access-date=2024-03-08 |website=Simply Wall St}}</ref>

* National Development Fund, [[Executive Yuan]] (6.38%)
* [[BlackRock]] (5.09%)
* [[Capital Group Companies|Capital Research and Management Company]] (3.61%)
* [[Government of Singapore Investment Corporation]] (3.32%)
* [[Norges Bank]] (1.59%)
* [[Fidelity Investments]] (1.37%)
* New Labor Pension Scheme (1.28%)
* [[The Vanguard Group]] (1.26%)
* [[Yuanta Securities|Yuanta Securities Investment]] (1.02%)
* [[JPMorgan Chase]] (0.83%)
* [[Fidelity International]] (0.8%)
* [[Baillie Gifford]] (0.76%)
* [[Fubon Financial Holding Co.|Fubon Life Insurance]] (0.75%)
* [[Invesco]] (0.63%)