Mission Statement, Vision, & Core Values (2024) of Taiwan Semiconductor Manufacturing Company Limited (TSM)

An Overview of Taiwan Semiconductor Manufacturing Company Limited (TSM)

General Summary of Taiwan Semiconductor Manufacturing Company Limited (TSM)

Taiwan Semiconductor Manufacturing Company Limited (TSMC) was established in 1987 and has since become the world's largest dedicated independent semiconductor foundry. TSMC specializes in advanced semiconductor manufacturing technology, providing a wide range of services including wafer fabrication, design support, and assembly/testing services. The company operates a comprehensive portfolio of advanced technologies, including 5nm and 7nm process nodes, catering to a diverse clientele in various sectors such as smartphones, high-performance computing, automotive, and the Internet of Things (IoT).

As of 2024, TSMC's sales are projected to reach approximately $86 billion, driven largely by its cutting-edge process technologies and strong demand from key markets.

Company's Financial Performance in the Latest Financial Reports

For the fiscal year 2023, TSMC reported a record-breaking revenue of $76.5 billion, representing a growth of 23% year-over-year. The main product sales, particularly in the 5nm and 7nm segments, accounted for 56% of total revenue.

The following table summarizes TSMC's financial performance highlights:

Furthermore, TSMC has witnessed significant growth across various markets. The automotive segment grew by 38% in 2023 as manufacturers increasingly adopted semiconductor technologies in electric vehicles (EVs). Additionally, the high-performance computing sector surged with a growth rate of 30%.

Introduction to Company as a Leading Company in the Industry

TSMC stands out as a leader in the semiconductor manufacturing industry, characterized by its commitment to innovation and quality. The company is known for its advanced process technologies, which include leading-edge nodes such as 3nm and 5nm. TSMC's strategic partnerships with major clients like Apple, NVIDIA, and AMD solidify its market position and drive its growth trajectory.

With a market share exceeding 54% in the global foundry market, TSMC's influence is unmatched. The company continues to invest heavily in research and development, positioning itself for future advancements in semiconductor technology.

To explore more about TSMC’s remarkable journey and its contributions to the semiconductor industry, further details can be found below.

Mission Statement of Taiwan Semiconductor Manufacturing Company Limited (TSM)

Company's Mission Statement Overview

The mission statement of Taiwan Semiconductor Manufacturing Company Limited (TSMC) underscores the company's commitment to technical excellence, quality, and innovation in the semiconductor industry. This mission is pivotal as it directs the organization's long-term goals and defines its operational ethos. TSMC aims to be the trusted global leader in semiconductor manufacturing by offering high-quality products and services to its clients, contributing to advancements in technology worldwide.

Core Component 1: Quality

Quality is a fundamental pillar in TSMC's mission statement. The company adheres to stringent quality control measures to ensure that its products consistently meet or exceed international standards. According to TSMC's financial report from 2022, the company achieved a 98.8% yield rate for its 5nm technology, which is among the highest in the industry.

Core Component 2: Innovation

Innovation is at the heart of TSMC's mission statement, driving the company to develop cutting-edge technologies and processes. In 2021, TSMC allocated approximately 8.3% of its revenue to research and development (R&D), amounting to about $3.5 billion. This investment is crucial for maintaining the company's competitive edge in the rapidly evolving semiconductor market.

Core Component 3: Customer Commitment

Customer commitment is expressed through TSMC's dedication to building long-term partnerships with its clients. In 2022, TSMC reported a client satisfaction rate of 92%, indicating a strong positive response from its global customer base. The company serves over 500 clients, including technology giants such as Apple, NVIDIA, and Qualcomm.

Vision Statement of Taiwan Semiconductor Manufacturing Company Limited (TSM)

Vision Statement Overview

In 2024, Taiwan Semiconductor Manufacturing Company Limited (TSMC) focuses on enhancing its leadership in the semiconductor industry through innovation, sustainability, and customer partnerships. The vision statement encompasses a commitment to technological excellence and market leadership.

Innovation and Technology Leadership

TSMC aims to be at the forefront of technological advancements. In 2023, TSMC reported R&D expenditures of approximately NT$ 150 billion (around US$ 5 billion). This investment is directed towards achieving a technology node of 3nm for high-performance computing and mobile applications.

Sustainability Commitment

TSMC is dedicated to sustainable practices, targeting a reduction of net carbon emissions to zero by 2050. The company intends to source 100% of its electricity from renewable sources by 2030. In 2023, around 20% of TSMC's energy consumption was derived from renewable resources.

Customer Partnership and Collaboration

TSMC's vision emphasizes strong partnerships with clients, aiming to understand and meet their unique needs. In 2023, TSMC established partnerships with over 500 customers, including leading companies in consumer electronics, automotive, and AI sectors.

• Key customers: Apple, Nvidia, Qualcomm
• Customer satisfaction score in 2023: 98%
• New product introductions percentage increase: 30% compared to 2022

Global Market Expansion

TSMC projects significant growth in its global market presence. In 2023, TSMC's revenue reached NT$ 2 trillion (approximately US$ 66 billion), with an expected growth rate of 15% annually through 2025.

Core Values of Taiwan Semiconductor Manufacturing Company Limited (TSM)

Innovation

The core value of innovation is fundamental to Taiwan Semiconductor Manufacturing Company Limited (TSM). It drives the company to maintain its leadership in semiconductor manufacturing and to consistently deliver cutting-edge technology to its customers.

In 2023, TSMC announced a capital expenditure of approximately NT$1 trillion (around US$33 billion) aimed at expanding advanced process technologies. This investment underlines the company's commitment to innovation and its focus on 3nm and 2nm technology nodes.

TSMC has also established several R&D centers globally, including in the United States, which focus on developing next-generation semiconductor technologies. In 2022, the R&D expenditure was about NT$202 billion (approximately US$6.7 billion), reflecting the company's dedication to innovation.

Customer Commitment

Customer commitment is a pivotal core value that emphasizes TSMC's dedication to meeting and exceeding customer expectations.

In the fiscal year 2022, TSMC achieved a customer satisfaction rate of 97%, based on surveys conducted across various sectors including automotive, IoT, and consumer electronics.

To strengthen this commitment, TSMC launched the 'Customer First' program, which includes dedicated teams for strategic customers and a 24/7 support service that has led to a 30% improvement in response times to customer inquiries.

Integrity

Integrity is a non-negotiable value that governs TSMC's operations and interactions with stakeholders.

In 2023, TSMC maintained its commitment to ethical business practices, which is reflected in its ranking as one of the top companies in the 2023 Dow Jones Sustainability Index. The company reported that 100% of its suppliers have signed the Supplier Code of Conduct, ensuring compliance with ethical standards.

Excellence

The pursuit of excellence is fundamental to TSMC's operations, fostering a culture of high performance.

TSMC reported a 50% increase in production efficiency over the last five years, attributed to its ongoing Kaizen initiatives aimed at continuous improvement in manufacturing processes.

The company achieved 94% yield rates for its 5nm process technology, which is currently the highest in the industry, a testament to its commitment to excellence in production quality.

Social Responsibility

Social responsibility reflects TSMC's commitment to the communities in which it operates and its proactive role in sustainability.

In 2023, TSMC allocated NT$10 billion (about US$330 million) for sustainability initiatives, including efforts to reduce carbon emissions by 30% by 2030. The company has also set a target to achieve 100% renewable energy usage by 2025.

Additionally, TSMC's community engagement programs reached over 500,000 students in STEM education initiatives across Taiwan, emphasizing the importance of nurturing future talent in the technology sector.