Taiwan Semiconductor Manufacturing Corporation (NYSE: TSM) might not be a household name, but it could be the world’s most important company.
TSMC, as the company is also known, makes more semiconductors than anyone else in the world. It’s the manufacturer that chip designers and tech giants like Apple, Nvidia, AMD, Broadcom, Qualcomm, and others all rely on.
In other words, TSMC is a crucial linchpin in the global economy as the electronics the world depends on wouldn’t get made without the company. The chart below helps illustrate just how big a role it plays in the chip industry.
TSMC’s wide economic moat
As you can see in the chart above, the company controls a solid majority of worldwide contract semiconductor manufacturing. Its market share has risen slowly but steadily in recent years, and it’s now above 60%.
Not only that, but TSMC has an even larger 90%…
