Researcher ORCID Identifier

Graduation Year


Date of Submission


Document Type

Campus Only Senior Thesis

Degree Name

Bachelor of Arts

Reader 1

Feng Xiao

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TSMC was founded in 1987, and from the late 1990s to date has been the leading foundry firm. Part I reviews the literature to explain TSMC’s continued success. I describe how the Taiwanese government helped found the Taiwan semiconductor industry and nurtured TSMC. Then I explain how TSMC’s specialization in manufacturing semiconductors, a general- purpose technology, and patents allow TSMC to innovate. The results suggest that the government was vital in supporting TSMC’s rise. Part II is a financial analysis of TSMC to see how their financials, leadership, and strategy position TSMC against competition and other geopolitical events.

This thesis is restricted to the Claremont Colleges current faculty, students, and staff.