Headquartered in Hsinchu, Taiwan, Taiwan Semiconductor Manufacturing Company Limited (TSM) manufactures and sells integrated circuits and semiconductors. It also offers customer service, account management, and engineering services. In comparison, GLOBALFOUNDRIES Inc. (GFS) manufactures integrated circuits, which enable various pervasive electronic devices. The company manufactures a range of semiconductor devices, including microprocessors, baseband processors, network processors, and microcontrollers.
While the semiconductor chip shortage and supply chain issues exacerbated by the lockdowns in China and Russia-Ukraine war impact the industry, the robust demand to facilitate hybrid working and decarbonization has allowed companies to raise prices for their chips and generate substantial profits. In addition, Intel’s Pat Gelsinger expects the semiconductor industry to suffer supply shortages until 2024. Moreover, The United States and the European Union plan to announce a joint effort to avert semiconductor supply disruptions. According to BlueWeave consulting, the global semiconductor market is estimated to grow at a 5.2% CAGR between 2022 and 2028. Therefore, both TSM and GFS should benefit.
