Company Directory - Taiwan Semiconductor Manufacturing Co Ltd
Company Details - Taiwan Semiconductor Manufacturing Co Ltd

Taiwan Semiconductor Manufacturing Co Ltd
WebsiteHsinchu, Taiwan
ISIN: TW0002330008
The world's largest dedicated independent semiconductor foundry, serving customers worldwide.
CCI Score
CCI Score: Taiwan Semiconductor Manufacturing Co Ltd
4.35
-0.01%
Latest Event
TSMC Pledges $100 Billion Investment to Mollify U.S. Tariffs
In response to sweeping U.S. tariffs announced by President Trump, TSMC pledged a $100 billion investment aimed at mitigating the economic fallout. This move is interpreted as a calculated effort to placate authoritarian protectionist policies rather than resisting them.
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OBJECTOR
Taiwan Semiconductor Manufacturing Co Ltd is currently rated as an Objector.
Latest Events
- APR032025
In response to sweeping U.S. tariffs announced by President Trump, TSMC pledged a $100 billion investment aimed at mitigating the economic fallout. This move is interpreted as a calculated effort to placate authoritarian protectionist policies rather than resisting them.
- APR012025
TSMC has committed to investing $100 billion in expanding its US manufacturing operations in response to Commerce Secretary Howard Lutnick's indication that Chips Act grants could be withheld unless companies expand their domestic projects.
- MAR202025
Taiwan Semiconductor Manufacturing Co Ltd announced a $100 billion investment in Arizona to build three chip foundries, an R&D center, and packaging facilities. The project aims to reduce reliance on Chinese suppliers and boost domestic job creation, aligning with Taiwan’s initiative for a 'non-red' supply chain as highlighted by Taiwan President William Lai.
+70
Public and Political Behavior
March 31
TSMC's major investment helps diversify supply chains away from authoritarian influences, aligns with democratic governance ideals, and is underscored by political statements from Taiwan's President. This is seen as a positive public and political behavior.
$100 billion Arizona chips project will break dependence on China, Taiwan's president says
+60
Business Practices and Ethical Responsibility
March 31
The investment is expected to create thousands of well-paying tech and manufacturing jobs, showing responsible business practices and a commitment to community development and ethical economic practices.
$100 billion Arizona chips project will break dependence on China, Taiwan's president says
+50
Technology and Services Impact
March 31
By expanding advanced chip production and R&D capabilities, TSMC's initiative supports technological innovation and reinforces resilient, innovative supply chains that uphold democratic values.
$100 billion Arizona chips project will break dependence on China, Taiwan's president says
+40
Economic and Structural Influence
March 31
The substantial economic investment and promised job creation indicate a positive structural impact on both local and global supply chains, reducing economic over-reliance on authoritarian regimes and fostering economic security.
$100 billion Arizona chips project will break dependence on China, Taiwan's president says
- MAR172025
TSMC unveiled its new Supplier Human Rights Management Tracking Platform which supports suppliers in improving their human rights practices. The initiative has already led D and E tier suppliers to complete 24 human rights improvements in Q1 2025, reinforcing the company’s commitment to ethical labor practices and supply chain responsibility.
+80
Labor Relations and Human Rights Practices
March 31
TSMC's initiative directly supports improved labor relations and human rights practices by holding its suppliers accountable and facilitating tangible improvements. This enhances worker rights and ethical supply chain management, aligning with anti-fascist and progressive values.
+75
Supply Chain Ethics
March 31
By establishing a comprehensive tracking platform, TSMC strengthens oversight of its supply chain ethics. This move promotes transparency and accountability in supplier human rights practices, contributing positively to corporate responsibility and resisting exploitative practices.
- MAR172025
TSMC has launched a Supplier Human Rights Management Tracking Platform aimed at strengthening its supply chain's human rights practices. The initiative, which includes monitoring, training workshops, and a self-assessment framework, has led to 24 documented improvements among lower-rated suppliers in Q1 2025.
+70
Supply Chain Ethics
April 1
TSMC's launch of the Supplier Human Rights Management Tracking Platform demonstrates a proactive approach to ensuring that suppliers adhere to rigorous human rights standards. By providing tools, training, and guidelines, TSMC is enhancing transparency and accountability in its supply chain, which is a positive step for protecting marginalized workers and promoting ethical business practices.
+60
Labor Relations and Human Rights Practices
April 1
The initiative not only focuses on supply chain ethics but also actively enhances labor relations and human rights practices. Through targeted training sessions, workshops, and systematic improvements in supplier human rights performance, TSMC is making significant strides in promoting a decent work environment and safeguarding worker rights.
- MAR132025
TSMC unveiled a $100 billion investment in the US during a White House ceremony led by President Trump. Critics, including Taiwanese political figures, decried the move as capitulating to US political pressure and potentially undermining Taiwan’s national security, while TSMC maintained that the investment was driven by strong demand from American customers and was not compromising its commitment to Taiwan.
-70
Executive Political Engagement
March 31
TSMC’s high‐profile participation in a White House ceremony alongside President Trump, coupled with claims of paying what critics described as a 'protection fee', indicates a significant level of executive political engagement that aligns the company with authoritarian pressure. Such actions, under political coercion, present a negative signal in terms of democratic accountability and resistance to authoritarian influence.
-40
Economic and Structural Influence
March 31
The investment decision appears to be heavily influenced by economic and geopolitical pressures, including threats of tariffs and realignment of trade policies under the Trump administration. This raises concerns about structural influences where economic decisions are made to appease authoritarian measures, potentially compromising long‐term national and global security dynamics.
- MAR082025
TSMC announced plans to invest at least $100 billion over the next few years in Arizona to build state-of-the-art semiconductor facilities including a research and development center, advanced packaging plants, and additional fabs. The move is widely seen as a strategic response to tariff threats and political pressure from the US administration under Donald Trump, raising concerns about the potential undermining of Taiwan's critically important semiconductor industry.
-30
Public and Political Behavior
March 31
TSMC’s decision to invest massively in Arizona is seen as a reaction to authoritarian tariff threats from the US administration, aligning corporate strategies with political pressures that compromise political autonomy and contribute to an environment in which authoritarian policies are enforced.
Why concern is growing in Taiwan about chip giant TSMC’s pledge to invest in Arizona
-20
Business Practices and Ethical Responsibility
March 31
The enormous financial commitment amid political pressure raises concerns about TSMC’s business practices, potentially undermining Taiwan's domestic semiconductor industry and reflecting opportunistic decisions made under duress.
Why concern is growing in Taiwan about chip giant TSMC’s pledge to invest in Arizona
-25
Economic and Structural Influence
March 31
This massive investment consolidates economic power and shifts structural influence, contributing to a landscape where corporate actions may be leveraged to support partisan and authoritarian trade policies, thereby affecting the balance of economic influence between regions.
Why concern is growing in Taiwan about chip giant TSMC’s pledge to invest in Arizona
- MAR062025
Taiwan Semiconductor Manufacturing Company announced a $100 billion investment in new chip manufacturing and packaging facilities in Arizona. At a joint news conference, Taiwan’s president and TSMC’s CEO emphasized that the move was driven by escalating customer demand rather than pressure from the Trump administration.
+30
Public and Political Behavior
March 31
TSMC publicly countered claims of political coercion by clarifying that their decision to invest in the U.S. was based solely on customer demand, thereby resisting any authoritarian pressure. This stance supports democratic decision-making and transparent business conduct.
Taiwan says chipmaker’s move to invest $100 billion in the US wasn’t because of US pressure
+20
Economic and Structural Influence
March 31
The massive investment highlights TSMC's commitment to expanding its global capacity in response to market demand rather than succumbing to external political pressures. This economic expansion is viewed positively from an anti-authoritarian perspective as it reinforces market-driven decision-making.
Taiwan says chipmaker’s move to invest $100 billion in the US wasn’t because of US pressure
- MAR052025
On March 5, 2025, TSMC announced a $100bn investment deal with President Trump’s administration to expand semiconductor manufacturing in the US. The deal, which includes preserving advanced manufacturing processes in Taiwan despite the large-scale US investment, has raised concerns over potential political complicity with an authoritarian figure and risks to national security due to lax oversight on foreign investment approvals.
-80
Executive Political Engagement
March 31
TSMC’s CEO publicly engaged with President Trump during the announcement, thanking him for support in securing a massive $100bn deal. This explicit collaboration with an authoritarian political figure signals alignment with policies and practices that bolster far‐right influence, raising concerns about the company’s political complicity.
Taiwan downplays national security concerns after Trump and TSMC’s $100bn semiconductor deal
-40
Economic Collaboration
March 31
The enormous scale of the $100bn deal—and the revelations that TSMC had not yet secured mandatory government approvals for such a significant foreign investment—raises alarms about economic practices that could compromise national security. This action reinforces economic ties with an administration known for authoritarian tendencies, contributing to potential regulatory and oversight risks.
Taiwan downplays national security concerns after Trump and TSMC’s $100bn semiconductor deal
- MAR032025
TSMC, the world’s largest semiconductor foundry, announced a $100 billion investment to expand its US manufacturing base, including new chip fabs, advanced packaging facilities, and an R&D center. The announcement was made at a White House event featuring President Donald Trump, signaling a close political alignment with an authoritarian-led agenda while promising significant job creation and economic strengthening in the US.
-30
Public and Political Behavior
March 31
The event prominently features a joint announcement with President Trump and other high-level political figures, aligning TSMC with an administration associated with authoritarian and far-right policies. This political endorsement raises concerns from an anti-fascist perspective regarding corporate complicity with such regimes.
Trump announces Taiwanese chipmaking giant TSMC to invest $100 billion in US manufacturing
+70
Business Practices and Ethical Responsibility
March 31
TSMC's $100 billion investment is positioned to create tens of thousands of jobs and bolster domestic manufacturing capabilities, reflecting strong business practices and ethical responsibility towards economic growth and worker welfare.
Trump announces Taiwanese chipmaking giant TSMC to invest $100 billion in US manufacturing
+60
Economic and Structural Influence
March 31
The enormous investment is expected to reshape the US chipmaking landscape by reducing supply chain vulnerabilities and strengthening national security, thus positively influencing the broader economic structure.
Trump announces Taiwanese chipmaking giant TSMC to invest $100 billion in US manufacturing
- JAN012025
TSMC published its comprehensive Human Rights Policy detailing adherence to international human rights standards, emphasizing fair labor practices, anti-discrimination measures, environmental protection, and robust grievance mechanisms across its operations.
+80
Labor Relations and Human Rights Practices
April 1
TSMC's published Human Rights Policy is a strong commitment to protecting labor rights and ensuring a safe, inclusive work environment. The policy explicitly forbids child labor, human trafficking, and forced labor, while promoting equal opportunity, fair wages, and non-discrimination. This comprehensive approach aligns with anti-fascist, progressive practices by safeguarding marginalized communities and ensuring corporate accountability.
Human Rights Policy - Taiwan Semiconductor Manufacturing Company Limited
- JAN012025
TSMC published its Human Rights Policy and Diversity, Equity, and Inclusion Statement, outlining its commitment to respecting human rights and promoting a decent, inclusive work environment throughout its operations and supply chain.
+50
Labor Relations and Human Rights Practices
April 1
By publishing a comprehensive human rights and DEI policy, TSMC demonstrates a commitment to protecting worker rights and promoting an inclusive work environment. This policy supports progressive values and stands in opposition to authoritarian practices that undermine human rights.
- DEC312024
TSMC disclosed spending $540,000 on lobbying activities in Q4 2024, engaging with various US government departments on issues ranging from export controls to manufacturing workforce development.
-50
Political Contributions and Lobbying Efforts
April 1
TSMC's reported $540,000 lobbying expenditure, as detailed in the filing, demonstrates significant corporate political influence. The effort to shape legislation on export controls, tax incentives, and manufacturing workforce issues suggests an attempt to prioritize corporate interests, raising concerns from a democratic accountability perspective.
- AUG082024
TSMC's Arizona facility is facing significant labor tensions as the company attempts to implement its traditional Taiwanese work practices, including long hours and harsh management tactics, which clash with U.S. workplace norms. This cultural mismatch has led to a labor exodus at the plant, prompting remedial measures such as sending U.S. employees to Taiwan for exposure and enhanced communications training for managers.
-80
Labor Relations and Human Rights Practices
March 31
The article details that TSMC has attempted to carry over its rigorous and punitive Taiwanese work culture into its Arizona facility, an approach that includes 12-hour workdays and harsh treatment of employees. This has resulted in significant labor dissatisfaction and departures, highlighting a serious misalignment with U.S. labor expectations and undermining worker rights. Although the company has initiated remedial actions such as sending U.S. workers to Taiwan and offering communications training for its managers, the persistence of these outdated practices reflects poorly on its labor relations and ethical responsibility.
TSMC Arizona struggles to overcome vast differences between Taiwanese and US work culture
- JAN022024
Amid escalating political tensions and a controversial debate over its overseas investments, TSMC chose to withdraw from participating in Taiwan’s election debates. The decision comes in the run-up to the presidential and parliamentary elections and has stirred political controversy concerning Taiwan’s economic stability and national identity.
-30
Public and Political Behavior
April 1
TSMC's decision to retreat from active participation in politically charged election debates can be seen as a withdrawal from engaging in critical public discourse at a time when corporate clarity is needed to support democratic processes. This avoidance of political accountability may indirectly contribute to an environment where power dynamics remain unchallenged, a concerning sign from an anti-authoritarian perspective.
TSMC retreats from election debates amidst controversy over Overseas investments - Gizmochina
- DEC152023
TSMC reached an agreement with the Arizona Building and Construction Trades Council for its $40B chip factory project in Arizona. The deal includes commitments to recruit local talent, develop union workforce training programs, and maintain transparency in safety assessments, demonstrating a strong alignment with workers' rights and labor protections.
+80
Labor Relations and Human Rights Practices
April 1
The agreement commits TSMC to local hiring, union-led workforce training, and transparent safety practices, all of which strengthen labor protections and support workers' rights. This proactive engagement with labor unions is a positive move against authoritarian labor exploitation.
TSMC reaches deal with Arizona union on $40B chip factory project
- DEC072023
TSMC has resolved a prolonged conflict with local Arizona labor unions over its Fab 21 project by agreeing to primarily use local workers, instituting training programs, and enhancing workplace safety measures. The agreement limits the use of Taiwanese workers to cases requiring specialized expertise, a move that has helped ease tensions with the local workforce and further aims to secure CHIPS Act funding.
+60
Executive Political Engagement
April 1
TSMC’s chairman, Mark Liu, demonstrated a progressive approach by embracing public criticism and emphasizing the need to adapt to American labor and community values. His remarks indicate an effort to engage constructively with local stakeholders, thereby supporting a more inclusive and transparent political environment.
TSMC and Arizona labor unions come to agreement, fab construction back on track
+80
Labor Relations and Human Rights Practices
April 1
The agreement is a significant positive step for labor relations, ensuring that local workers lead the project while TSMC implements training programs and improved safety protocols. This move supports worker rights and counters practices that could undermine local labor, reflecting strong ethical responsibility in business practices.
TSMC and Arizona labor unions come to agreement, fab construction back on track
- DEC072023
TSMC and the Arizona Building and Construction Trades Council have reached an agreement after a prolonged dispute over labor practices at the Phoenix construction site. The deal includes establishing workforce training programs, ensuring transparency on public safety, and forming a joint committee to monitor labor demands. This resolution comes after criticisms over the company's reliance on foreign workers due to a local skilled labor shortage.
+50
Labor Relations and Human Rights Practices
April 1
The negotiated agreement with the Arizona union is a positive step for labor rights, as it promises more local workforce development, transparency in safety practices, and improved worker representation. Although earlier practices of hiring foreign workers contributed to union discontent, this pact marks a progressive move to address those concerns and support fair labor practices.
Taiwan's TSMC, Arizona unions reach deal after months-long dispute
- AUG162023
TSMC's effort to secure U.S. government approval for visas to bring in up to 500 additional Taiwanese workers for its Phoenix semiconductor facility has ignited a debate over work culture and labor rights. Critics, including an Arizona labor union, argue that this move undermines local workers and reinforces a work ethic that devalues American labor, while TSMC maintains that the foreign specialists are essential for handling advanced equipment and transferring knowledge.
-20
Public and Political Behavior
March 31
TSMC’s public commentary, particularly remarks by senior leadership dismissing the work ethic of American workers in favor of Taiwanese expertise, contributes to a narrative that undervalues local labor. This rhetoric, which plays into broader cultural tensions, is seen as detrimental to worker empowerment and is therefore rated negatively under Public and Political Behavior.
-40
Labor Relations and Human Rights Practices
March 31
TSMC’s request for visas to bring in additional Taiwanese workers amidst strong opposition from a local labor union raises significant concerns about labor relations and workers' rights. Critics argue that this strategy may lead to the displacement of American workers and erode established labor standards, reflecting a disregard for fair labor practices.
- AUG012023
In August 2023, a lawsuit was filed against TSMC alleging that its Arizona facility's hiring and promotion practices favored Taiwanese employees over American and non-Asian workers, raising serious concerns about discriminatory labor practices and undermining commitments to diversity and inclusion.
-70
Labor Relations and Human Rights Practices
March 31
The lawsuit alleges that TSMC systematically discriminated against non-Taiwanese and American employees by favoring Taiwanese citizens in promotions and hiring practices. This pattern, if confirmed, demonstrates a serious breach in labor relations and human rights standards, negatively impacting marginalized communities and fueling a climate of exclusion.
TSMC Faces Lawsuit Alleging Racial and Citizenship Discrimination at Arizona Facility
- AUG012023
TSMC has recruited former Intel lobbyist Peter Cleveland to lead its policy, legislative, and regulatory efforts in Washington as it seeks to mitigate the impact of U.S.-China trade tensions. This move comes as TSMC faces pressures related to continuing its supply to sensitive customers such as Huawei.
-35
Executive Political Engagement
April 1
By appointing former Intel lobbyist Peter Cleveland to spearhead its government relations, TSMC is intensifying its political engagement in Washington amid U.S.-China tensions. This consolidation of lobbying power raises concerns about corporate influence on democratic processes and regulatory capture, which is problematic from an anti-fascist perspective.
TSMC Hires Ex-Intel Lobbyist to Deal With U.S.-China Tensions
- JUN062023
In a statement following a shareholders’ meeting on June 6, 2023, TSMC Chairman Mark Liu criticized U.S. employees by saying that 'those who are unwilling to be on duty should not be in this industry.' This remark came in response to reports of employee dissatisfaction with TSMC’s demanding work culture, highlighting concerns over long working hours and a perceived brutal workplace environment.
-40
Labor Relations and Human Rights Practices
March 31
The chairman's blunt remark dismisses U.S. employees' concerns and appears to endorse a work environment characterized by excessive demands. This reflects negatively on labor relations and human rights practices, as it signals a prioritization of obedience and production over worker well-being.
TSMC chairman says US staff unwilling to work should not be in industry
- FEB142023
During a luncheon at Taiwan’s presidential palace, TSMC founder Morris Chang delivered a pointed critique of the U.S. CHIPS Act, questioning the effectiveness of heavy subsidies for semiconductor manufacturing. At the same event, he also highlighted TSMC’s significant expansion in Arizona, emphasizing the need for a more sustainable, long-term strategy in building a robust chipmaking industry.
+30
Executive Political Engagement
March 31
Morris Chang’s candid remarks during a high-profile luncheon reflect robust executive political engagement. By questioning the feasibility of the CHIPS Act’s subsidy-driven approach, he urges a more nuanced industrial policy, encouraging public debate and accountability in government economic strategies.
Taiwan’s Tech King to Nancy Pelosi: U.S. Is in Over Its Head
+15
Economic and Structural Influence
March 31
TSMC's decision to scale its investment in Arizona from $12 billion to $40 billion signals a strong economic and structural influence. This action is significant for reshaping critical supply chains and contributes to long-term industrial stability, which is essential for countering authoritarian pressures in global markets.
Taiwan’s Tech King to Nancy Pelosi: U.S. Is in Over Its Head
- DEC062022
TSMC held a high-profile tool-in ceremony for its Arizona fab on December 6, drawing participation from leaders like Biden and major tech CEOs. The event has sparked political controversy in Taiwan, with critics arguing that the US investments could erode Taiwan's economic sovereignty and its 'silicon shield', even as the company asserts it will retain essential high-end facilities at home.
+40
Public and Political Behavior
March 31
TSMC's engagement in a politically charged event by aligning with major US political figures and tech leaders reinforces democratic alliances. This visible participation supports a stance against authoritarian influences, contributing positively to public and political behavior.
-10
Economic and Structural Influence
March 31
Critics, particularly from Taiwan's pan-Blue camp, argue that TSMC’s major US investments could lead to a strategic erosion of Taiwan's economic sovereignty and exacerbate brain drain, potentially undermining the nation's technological security. This raises concerns under the economic and structural influence category.
- DEC062022
TSMC’s construction of its $12 billion Arizona plant and announcement of a second US fab has ignited political controversy in Taiwan. Critics, including the opposition KMT, allege that the Tsai administration is jeopardizing Taiwan’s 'silicon shield' and economic stability by effectively gifting TSMC to US interests, which may lead to talent drain and diminished national defense benefits.
-25
Public and Political Behavior
April 1
TSMC's high-profile US investments, underscored by a tool-in ceremony attended by major political figures including President Biden, have contributed to heightened political tensions in Taiwan. Critics argue that such actions erode Taiwan’s strategic advantage in semiconductor manufacturing by aligning too closely with US political and economic interests, thereby undermining local democratic autonomy.
-20
Economic and Structural Influence
April 1
The significant investment in US manufacturing, scaling up to $40 billion, poses potential economic risks for Taiwan by shifting capital and talent away from the domestic sector. This structural move has raised concerns about undermining Taiwan’s long-term economic stability and its strategic role as a pillar of national defense.
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Corporate Financials
- Revenue
- 2025
- $68.00B
- Total Assets
- 2025
- $210.00B
- Operating Income
- 2025
- $29.00B
- Total Equity
- 2025
- $70.00B
Employees: 50,000
Industries
- 334412
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- 334413
- Semiconductor and Related Device Manufacturing
- 334416
- Capacitor, Resistor, Coil, Transformer, and Other Inductor Manufacturing
- 334417
- Electronic Connector Manufacturing
- 541715
- Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
- 334414
- Semiconductor and Related Device Manufacturing