Taiwan Semiconductor Manufacturing Co. Share Price Today (NYSE: TSM)

Established in 1987 and having its head office in Hsinchu Science Park, Taiwan, Taiwan Semiconductor Mfg Co Ltd manufactures and designs semiconductors. The company has developed the first dedicated semiconductor foundry, allowing Fabless IC design to thrive and enabling a whole range of logic IC innovation. Taiwan Semiconductor Mfg Co Ltd listed itself on the Taiwan stock exchange in 1993 and became the first Taiwanese company to list itself on the NYSE in 1997. There is a high degree of cyclicality in the semiconductor industry, affecting TSMC and the rest of the foundry industry. To meet strong demand, TSMC must ensure enough production capacity during upturns. When the economy experiences a downturn, the company is burdened with excess capacity due to a slower market and higher operating costs associated with its manufacturing facilities. Consequently, the company's financial performance fluctuates. As of 2020, the company manufactured 11,617 different products for 510 different customers, utilizing 281 different technologies. A manufacturing facility managed by TSMC and its subsidiaries can produce more than 12 million wafers of 12-inch equivalent in 2020. The company won the IEEE Corporate Innovation Award for 2021, which honors its efforts in developing 7-nanometer foundry technology and enabling the innovations of IC designers worldwide Currently Taiwan Semiconductor Manufacturing Co. has a market cap of $877.33 Billion. It has a P.E ratio of 29.44. The shares of Taiwan Semiconductor Manufacturing Co. are trading at $191.67. .