Taiwan Semiconductor Manufacturing (NYSE: TSM) is the world's largest and most advanced contract chipmaker, and its top clients include Apple, Advanced Micro Devices, and Qualcomm. The Taiwan-based chipmaker also remains ahead of its closest competitors -- Intel and Samsung -- in the ongoing "process race" to produce smaller, denser, and more power-efficient chips.
That technological lead arguably makes TSMC the world's most important chipmaker. That's why its revenue grew at a compound annual growth rate (CAGR) of 15% from 2002 to 2022 in USD terms, and why it wasn't surprising when Warren Buffett's Berkshire Hathaway took a $4.1 billion stake in the chipmaker last year.
Image source: TSMC.
Source Fool.com