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MARKETS / NYSE / TSM
NYSE · SEMICONDUCTORS & RELATED DEVICES · LARGE CAP

Taiwan Semiconductor Manufacturing Co. Ltd. TSM

10 fiscal years on record · TWD · FY2024 reported · SEC filings only
TWD 2.9T
▲ 33.9% YoY
TWD 1.2T
▲ 36.0% YoY
TWD 870.2B
▲ 197.9% YoY
In brief

What this company does

Taiwan Semiconductor Manufacturing Company Limited manufactures semiconductors as a foundry, using its own manufacturing processes and the proprietary integrated circuit designs that its customers provide. It offers wafer fabrication processes covering complementary metal-oxide-semiconductor logic, mixed-signal, radio frequency, embedded memory and bipolar complementary metal-oxide-semiconductor mixed-signal circuits, and also offers design, mask making, TSMC 3DFabric advanced silicon stacking and packaging services, and testing services. The company operates one 150mm wafer fab, six 200mm wafer fabs, nine 300mm wafer fabs and seven advanced backend fabs. Its corporate headquarters and nine of its fabs are located in the Hsinchu Science Park, two fabs in the Central Taiwan Science Park, seven in the Southern Taiwan Science Park, two in the United States, one in Shanghai, one in Nanjing and one in Japan. In 2025, annual capacity measured in 12-inch equivalent wafers exceeded 17 million wafers. Its customers range from fabless semiconductor companies and system companies to integrated device manufacturers. Research and development spending reached NT$246,427 million in 2025, representing 6.5% of net revenue. The company was founded in 1987 as a joint venture among the R.O.C. government and other private investors, and was incorporated in the R.O.C. as a company limited by shares on February 21, 1987.

Written from the business description in Taiwan Semiconductor Manufacturing Company Limited's annual report to the U.S. Securities and Exchange Commission, filed 16 April 2026. Every sentence was checked against that document before publication.

Growth
TWD 2.89T
Revenue, FY2024 · full 10-year series below
Revenue TWD T Net income TWD T
FY2024 · Revenue 2.9 · Net income 1.2
1T2T2015201620172018201920202021202220232024
Compound annual growth
+22.2%
+22.0%
+25.1%
+26.8%
+25.1%
+26.8%
+21.1%
+11.0%
+7.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +22.0% a year over five years — but profit grew faster: net income at +26.8%, earnings per share at +26.8%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
40 cents
of every revenue dollar became profit
Operating margin Net margin
FY2024 · Operating 45.7% · Net 40.0%
20%40%2015201620172018201920202021202220232024
ROE
FY2024 · ROE 30.2%
10%20%30%2015201620172018201920202021202220232024

Each TWD of equity produced 30 cents of profit this year.

Cash & shareholders
TWD 363.1B
returned in FY2024 · dividends + net buybacks
Free cash flow TWD B
FY2024 · FCF 870.2
400B800B2015201620172018201920202021202220232024
Net buybacks TWD B Dividends TWD B
FY2024 · Dividends 363.1 · Net buybacks —
200B2015201620172018201920202021202220232024

TWD 363.1B in dividends — 31% of the year's profit went back to shareholders.

Total assetsTWD 6.69T
EquityTWD 4.24T
CashTWD 2.13T
Current ratio2.36×

Equity funds 63% of total assets.

The 10-year record
10 fiscal years
Every figure from documents filed with the SEC · TWD
row low → row highnegative
Metric 2024202320222021202020192018201720162015
Revenue TWD B2894.32161.72263.91587.41339.31070.01031.5977.4947.9843.5
Operating income TWD B1322.1921.51121.3650.0566.8372.7383.6385.6378.0320.0
EBITDA TWD B··········
Income tax TWD B248.3128.3150.870.273.735.834.451.154.147.6
Net income TWD B1158.4851.7992.9592.4510.7353.9363.1345.0331.7302.9
Free cash flow TWD B870.2292.2527.9273.0315.4154.7258.4254.7211.8272.4
EPS, diluted TWD 44.6732.8538.2922.8419.7013.6514.0013.3012.7911.68
Dividend / sh TWD ······8.008.006.004.50
Payout %31342945517357534739
ROE %30.226.939.329.729.621.623.024.224.4·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 48 reconciliationsAUDITED

Reconciled in 10 of 19 fiscal years. 47 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivitySemiconductors & Related Devices
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2015

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