The Intrinsic Value Podcast - The Investor’s Podcast Network TIVP024: TSMC (TSM): The Most Important Business in the World? w/ Daniel Mahncke & Shawn O’Malley
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Jun 15, 2025 Dive into the fascinating world of TSMC, the engine behind modern technology and AI. Discover how it transformed from a government project into a semiconductor giant, gripping over 90% of advanced chip production. Explore TSMC's competitive edge rooted in extreme scale and innovation, and how geopolitical tensions shape its strategy. The discussion also touches on the tech industry's future and investment strategies amid uncertainty. This engaging conversation highlights why TSMC might be the most crucial company in the world today.
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Chang's Founding Gamble
- Morris Chang founded TSMC as the first pure play foundry, only manufacturing chips, not designing them.
- This revolutionary idea faced skepticism since outsourcing chip design was considered insane at the time.
TSMC Powers the Modern World
- TSMC powers critical devices globally and leads the high-performance computing chip market.
- Its dominance comes from servicing Apple's and Nvidia's cutting-edge processors.
Learn From TSMC’s Origins
- Understand why a government-backed experiment became the world leader in semiconductor manufacturing.
- Recognize the role of strategic partnerships like with Philips in TSMC's rise.
