Taiwan Semiconductor: The $1.65 Trillion Gatekeeper of the AI Boom

To understand why TSMC commands such a high valuation, investors must look at its unique business model. TSMC operates as a pure-play foundry. This means the company does not design its own chips, nor does it compete with its customers. Instead, it focuses entirely on manufacturing. This neutrality makes it the partner of choice for every major tech firm. Whether it is an A-series processor for an Apple (NASDAQ: AAPL) product or a Blackwell GPU for NVIDIA (NASDAQ: NVDA), the blueprints are sent to Taiwan fo ...