TSMC
About: Taiwan Semiconductor Manufacturing Co. is the world's largest dedicated chip foundry, with mid-60s market share in 2024. TSMC was 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. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious customer base, including Apple, AMD, and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs. TSMC employs more than 73,000 people.
Employees: 83,825
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
31% more repeat investments, than reductions
Existing positions increased: 1,071 | Existing positions reduced: 815
7% more first-time investments, than exits
New positions opened: 231 | Existing positions closed: 216
0.04% less ownership
Funds ownership: 3.21% [Q4 2024] → 3.18% (-0.04%) [Q1 2025]
2% less funds holding
Funds holding: 2,417 [Q4 2024] → 2,377 (-40) [Q1 2025]
8% less funds holding in top 10
Funds holding in top 10: 246 [Q4 2024] → 227 (-19) [Q1 2025]
18% less capital invested
Capital invested by funds: $166B [Q4 2024] → $137B (-$29.2B) [Q1 2025]
39% less call options, than puts
Call options by funds: $9.39B | Put options by funds: $15.5B
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Barclays Simon Coles | 14%upside $240 | Overweight Maintained | 3 Jun 2025 |
Susquehanna Mehdi Hosseini | 18%upside $250 | Positive Maintained | 17 Apr 2025 |
Needham Charles Shi | 7%upside $225 | Buy Reiterated | 17 Apr 2025 |
Financial journalist opinion
Based on 100 articles about TSM published over the past 30 days









