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TSMC to win among its customers, some of the largest companies in the world, Apple, NVIDIA, Qualcomm, AMD, they all rely on TSMC to produce its chips, which means that TSMC is the largestchipmaker in the world by far. And as a result, it's got more scale, it can drive down its costs, and it can hone its technology more than anyone else. And so TSMC, thanks to this unique businessmodel, is both the largest and the most advanced chipmaker in the world. Today, China's the world's largest importer of chips. They spend as much money each year importing chips as they spend
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