Few companies are as important to today's world as Taiwan Semiconductor Manufacturing (NYSE: TSM). It produces the chips that go into devices that power artificial intelligence (AI) models, iPhones, and nearly any other application with a microchip. Taiwan Semiconductor is a leading business in this field, but it's not done growing.

Currently, Taiwan Semiconductor is valued at $845 billion, making it the ninth-largest company in the world. However, by the time 2025 comes around, it could easily cross the $1 trillion point in value.

Part of Taiwan Semiconductor's success is its position in the chip market. As a foundry that sells its capabilities and manufacturing prowess to businesses that need chips, it doesn't have to worry about marketing its products; it leaves that to its customers. In many cases, Taiwan Semiconductor produces chips for companies that are competing against each other, like Nvidia and Advanced Micro Devices.

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Source Fool.com