TSMC: a JV of Philips (28%), Taiwan Gov (48%), and private investors.

• TSMC wasn't quite a PhilipsDealroom has a profile for this one. Try Dealroom → spinout, but Philips did play a key role after companies like Texas Instruments and Intel declined to invest in TSMC
• Taiwan Semiconductor Manufacturing Company (TSMC), was established in 1987 as a joint venture involving Philips (28%), the Taiwanese government (48%), and private investors.
• The initial investment totaled $220 million. Founder Morris Chang received no shares.
• Initially part of Philips, TSMC became independent when Philips sold its stake in 2007.
• The company currently has 40 times the valuation of the parent company Philips, with a valuation of $850 billion.
• TSMC produces advanced semiconductor chips for various applications, including consumer electronics, automotive, and high-performance computing.
• Known for its innovative 2nm process node technology, TSMC significantly enhances electronic devices' performance and energy efficiency.

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