A chip maker in Taiwan powers billions of products, from Audis to iPhones. Its dominance leaves the global economy at risk.
Taiwan Semiconductor Manufacturing Co. ’s chips are everywhere, though most consumers don’t know it.
The company makes almost all of the world’s most sophisticated chips, and many of the simpler ones, too. They’re in billions of products with built-in electronics, including iPhones, personal computers and cars—all without any obvious sign they came from TSMC, which does the manufacturing for better-known companies that design them, like Apple Inc. and Qualcomm Inc.
TSMC has emerged over the past several years as the world’s most important semiconductor company, with enormous influence over the global economy. With a market cap of around $550 billion, it ranks as the world’s 11th most valuable company. Its dominance leaves the world in a vulnerable position, however. As more technologies require chips of mind-boggling complexity, more are coming from this one company, on an island that’s aAnalysts say it will be difficult for other manufacturers to catch up in an industry that requires hefty capital investments.
, adding to the chaos of supply bottlenecks, higher prices for consumers and furloughed workers, especially in the auto industry.
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