Taiwan Semiconductor Mfg. Co. Ltd. vs Valero Energy Corporation — how do they compare? Taiwan Semiconductor Mfg. Co. Ltd. trades at $425.62 (market cap $1.88T), while Valero Energy Corporation trades at $313.92 (market cap $93.03B). The key difference: Taiwan Semiconductor Mfg. Co. Ltd. is far larger — about 20.2× Valero Energy Corporation's market cap, and Valero Energy Corporation pays the higher dividend (1.53%). Which is the better fit depends on your goals.
| TSM | VLO | |
|---|---|---|
Market Cap | $1.88T | $93.03B |
Sector | Technology | Energy |
52-Week High | $477.57 | $313.31 |
52-Week Low | $227.33 | $131.77 |
Enterprise Value | $1.81T | $98.79B |
Dividend Yield | 0.94% | 1.53% |
Trailing returns across standard periods
Latest headlines on both assets
Taiwan Semiconductor Manufacturing Company, or TSMC, is the world's largest dedicated chip foundry, with over 57% market share in 2021 per Gartner. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public as an ADR in the U.S. in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious customer base, including Apple, AMD and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs.
Read more on TSM →Valero Energy is one of the largest independent refiners in the United States. It operates 14 refineries with a total throughput capacity of 3.2 million barrels a day in the United States, Canada, and the United Kingdom. Valero also owns 14 ethanol plants with capacity of 1.7 billion gallons of ethanol a year and holds a 50% stake in Diamond Green Diesel, which has capacity to produce 700 million gallons per year of renewable diesel.
Read more on VLO →