Taiwan Semiconductor Manufacturing TSM
Taiwan Semiconductor Manufacturing annual report (fiscal year ended Dec 31, 2025)
Fiscal year ended Dec 31, 2025 · Filed Apr 16, 2026Original
An annual report (10-K, or 20-F for a foreign company) is the business report a US-listed company files with the SEC every year.
Key points the company states
TSMC is a dedicated foundry; High Performance Computing was 58% of 2025 net revenue
- TSMC TSM is a dedicated foundry that manufactures semiconductors based on its customers' designs.
- Of 2025 net revenue of NT$3,809,054 million, High Performance Computing was 58% and Smartphone 29%.
- By customer headquarters, North America accounted for 75% of net revenue.
TSMC's 2025 net revenue rose 31.6% to NT$3,809,054 million; gross margin 59.9%
- Net revenue rose 31.6% to NT$3,809,054 million (US$121,423 million).
- The company attributes this to a higher average selling price from more 7-nanometer and below revenue and higher wafer shipments.
- Gross margin rose from 56.1% to 59.9%, which the company attributes to higher capacity utilization and cost improvement, partly offset by exchange rates.