Value20202021202220232024TTMSelling/general/admin expenses1.01 B1.33 B1.74 B1.99 B2.55 B—Research & development3.9 B4.5 B5.31 B5.96 B6.23 B—Operating income20.18 B23.43 B36.49 B30.09 B40.32 B—Non-Operating Income, Total——————Interest expense, net of interest capitalized——————Non-Operating Income, excl. Interest Expenses——————Unusual income/expense——————Pretax income20.82 B23.9 B37.23 B31.98 B42.87 B—Equity in earnings——————Taxes2.63 B2.53 B4.91 B4.19 B7.57 B—Non-controlling/minority interest9.4 M18.8 M12.1 M-23.3 M-26.1 M—After tax other income/expense——————Net income before discontinued operations18.2 B21.37 B32.32 B27.79 B35.3 B—Discontinued operations——————Net income18.2 B21.37 B32.32 B27.79 B35.3 B—Dilution adjustment——————Preferred dividends——————Diluted net income available to common stockholders——————Basic earnings per share (Basic EPS)——————Diluted earnings per share (Diluted EPS)——————Average basic shares outstanding——————Diluted shares outstanding——————EBITDA31.97 B38.67 B50.73 B47.47 B60.57 B—EBIT20.16 B23.44 B36.5 B30.09 B40.36 B—Cost of revenue22.37 B27.68 B29.79 B32.22 B38.73 B—Other cost of goods sold——————Depreciation & amortization (cash flow)11.81 B15.23 B14.23 B17.38 B20.21 B—
Taiwan Semiconductor Manufacturing Company Ltd
Taiwan Semiconductor Manufacturing Company Limited is a Taiwanese multinational semiconductor contract manufacturing and design company. Headquartered in Hsinchu Science Park, it is the world's largest non-U.S. company by market capitalization. It holds a commanding majority in the semiconductor foundry market, accounting for approximately 70% of the global market share. As the leading dedicated contract chipmaker, it serves as the main supplier for Nvidia, Apple, Broadcom, and Qualcomm. The company has grown rapidly due to the artificial intelligence boom and its importance in the creation of advanced chips needed for AI. Its role as a supply chain bottleneck raises concerns that a disruption could cause another worldwide chip shortage.
Although the government of Taiwan is the largest individual shareholder, the majority of TSMC is owned by foreign investors. In 2025, the company was ranked 38th in the Forbes Global 2000. Taiwan's exports of integrated circuits amounted to $184 billion in 2022, nearly 25 percent of Taiwan's GDP. TSMC constitutes about 30 percent of the Taiwan Stock Exchange's main index.