TSMC (TSM) perpetual market

TSMC, Taiwan Semiconductor Manufacturing Company, is the world's largest and most advanced contract chip manufacturer, and arguably the single most strategically important company in the global technology supply chain. Founded in 1987 by Morris Chang, it pioneered the pure-play foundry model, manufacturing chips designed by other companies rather than selling its own branded products. That neutral position made it the maker of choice for the industry's leading designers, and it produces the most advanced processors for customers including Apple, NVIDIA and AMD, holding a dominant share of cutting-edge chip production. Because so much of the world's most advanced silicon is made in Taiwan, TSMC sits at the center of geopolitical tension between the United States and China, and it is expanding manufacturing in the United States, Japan and Europe to diversify. Its capacity and technology roadmap are critical to computing, smartphones and the entire artificial intelligence buildout.