TSMC Company Profile
Collected Form 20-F metrics, trend charts, and initial interpretation for TSMC within the AI infrastructure analytics portfolio.
First data slice
First Data Slice: TSMC
A collected dataset for introducing foundry manufacturing economics into the AI infrastructure framework.
Collected from TSMC Form 20-F filings. Status: collected, pending independent review.
FY2024 highlights
Revenue
NT$2,894,307.7M
Gross Margin
56.12%
Operating Margin
45.68%
R&D Intensity
7.05%
CapEx Intensity
33.03%
Four-year view
| Fiscal Year | Period Ended | Revenue | Gross Margin | Operating Margin | R&D Intensity | CapEx Intensity | Status |
|---|---|---|---|---|---|---|---|
| 2021 | 2021-12-31 | NT$1,587,415.0M | 51.63% | 40.95% | 7.86% | 52.87% | collected |
| 2022 | 2022-12-31 | NT$2,263,891.3M | 59.56% | 49.53% | 7.21% | 47.82% | collected |
| 2023 | 2023-12-31 | NT$2,161,735.8M | 54.36% | 42.63% | 8.44% | 43.94% | collected |
| 2024 | 2024-12-31 | NT$2,894,307.7M | 56.12% | 45.68% | 7.05% | 33.03% | collected |
Source: TSMC Form 20-F filings.
CapEx definition: Capital expenditure uses TSMC cash flow statement line item "Acquisitions of property, plant and equipment."
Unit: All raw financial figures are stored in NT$ millions.
Status: Rows are marked as collected, not independently reviewed, until a later independent review step.
TSMC Revenue Trend
Fiscal-year revenue from collected TSMC Form 20-F figures.
Status: collected, pending independent review.
Source: TSMC Form 20-F filings. Amounts stored in NT$ millions.
TSMC Margin Trend
Gross margin and operating margin from collected TSMC Form 20-F figures.
Status: collected, pending independent review.
Source: TSMC Form 20-F filings. Ratios calculated from stored NT$ millions figures.
TSMC Reinvestment Intensity Trend
R&D intensity and CapEx intensity calculated from collected TSMC Form 20-F figures.
Status: collected, pending independent review.
Source: TSMC Form 20-F filings. Ratios calculated from stored NT$ millions figures.
R&D intensity = R&D expense / revenue. CapEx intensity = capital expenditure / revenue.
Initial Interpretation
What the first TSMC slice suggests before the broader foundry and supply-chain comparison is built.
Foundry revenue scale
Data basis
Revenue moved from NT$1,587,415.0M in FY2021 to NT$2,894,307.7M in FY2024.
Interpretation
TSMC’s collected series shows a large foundry revenue base with renewed growth in FY2024 after the FY2023 downturn.
High operating margin
Data basis
Operating margin was 45.68% in FY2024.
Interpretation
TSMC maintains a high operating margin profile for a manufacturing-heavy foundry, but its economics differ from fabless compute companies because capacity ownership requires substantial capital investment.
Manufacturing-heavy reinvestment mix
Data basis
R&D intensity was 7.05% in FY2024.
Interpretation
TSMC’s collected profile shows lower R&D intensity than the fabless compute profiles already collected, while direct CapEx intensity is much higher. This reflects a different business model where capacity ownership and process execution carry more of the economic burden.
High direct CapEx intensity
Data basis
CapEx intensity was 33.03% in FY2024.
Interpretation
TSMC’s direct CapEx intensity is structurally much higher than fabless compute companies, making it central to the capital-burden side of the AI infrastructure value chain.
These interpretations are based only on collected TSMC Form 20-F figures and should be treated as an initial company-level reading, not a full cross-company conclusion.
Reference
Source & Methodology
How the TSMC profile data is sourced, stored, and interpreted.
Official sources
Primary inputs are TSMC Form 20-F annual filings. Links below use the filing URLs stored in the collected metadata; fiscal-year rows map to the filing set noted for each slice.
Used for FY2021
Used for FY2022, FY2023, FY2024
At least one row's filing note references cross-checking FY2022 against another Form 20-F in the chain; see the underlying source note text in the dataset for that fiscal year.
Source notes
Income statement data comes from Consolidated Statements of Profit or Loss and Other Comprehensive Income. Capital expenditure uses the cash flow statement line item "Acquisitions of property, plant and equipment." Amounts are stored in NT$ millions—aligned with the recurring language in the collected filing notes, without restating row-level figures here.
Form 20-F may present convenience USD translations for readability; this profile uses the TWD reported figures stored in the dataset and does not perform USD conversion here.
Fiscal-year treatment
The fiscalYear field uses TSMC's reported fiscal-year label (for example FY2024), aligned with calendar-year period ends in the collected slice.
When periodEnded is present on a row, it records the fiscal period end date for that fiscal year as stated in the filing trail for that row.
Metric construction
Raw metrics stored per fiscal year include revenue, grossProfit, operatingIncome, rdExpense, capitalExpenditure.
Derived metrics include revenueGrowth, grossMargin, operatingMargin, rdIntensity, capexIntensity. These ratios are calculated from the stored raw figures for the same row.
CapEx definition
Capital expenditure uses TSMC's cash flow statement line item "Acquisitions of property, plant and equipment." Outflows are stored as positive magnitudes in this file for consistency with other issuers in the portfolio.
Status and limitation
Status values in this slice: collected. Where the status is collected, it means figures were sourced from official issuer filings in structured form and remain pending independent review beyond this page's scope.
The interpretation section above is a company-level reading of the collected series. It is not an investment recommendation, not advice on whether to transact in any security, and not a full cross-company conclusion under one reconciled framework yet.