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About TSMC
TSM tracks the value of 1 American depositary share of Taiwan Semiconductor Manufacturing Company (TSMC). TSMC is the world's largest dedicated semiconductor foundry, manufacturing advanced chips for global technology companies.
On Lighter, TSM is a synthetic perpetual market with its own order book, so its mark price, funding rate and open interest can differ from the same instrument on another venue.
TSM is listed as a Lighter synthetic perpetual market. Prices track traditional-asset exposure synthetically and do not represent ownership of the underlying shares, ETFs, commodities, or cash instruments. Educational market data only — not investment advice.
Sector tags: Semiconductors.
Frequently Asked Questions
- Does trading TSM give me any of the rights of owning TSMC stock?
- No. TSM is a synthetic perpetual with no delivery mechanism or arbitrage bridge to TSMC's actual ADS. It gives price exposure only — there are no shareholder rights, no dividends, no voting rights, and no claim on the underlying shares.
- How is TSM different from other semiconductor names, like NVDA?
- TSM is a foundry — TSMC manufactures advanced chips on behalf of fabless designers. NVDA, by contrast, is one of those fabless designers: NVIDIA designs GPUs but relies on foundries like TSMC to actually manufacture them.
- Does TSM track the American depositary share (ADS) or TSMC's Taiwan-listed ordinary share?
- It tracks the ADS traded on the NYSE in USD. Because the ADS itself already trades in U.S. dollars, TSM's price does not require a live FX conversion step — unlike a market built directly on a foreign ordinary share quoted in its home currency.
- TSM on Lighter is a synthetic perpetual market that tracks 1 American depositary share of Taiwan Semiconductor Manufacturing Company (TSMC). It trades on Lighter, so you can go long or short without holding any shares.
- TSM on Lighter is a synthetic perpetual market that tracks 1 American depositary share of Taiwan Semiconductor Manufacturing Company (TSMC). It trades on Lighter, so you can go long or short without holding any shares.
- Can TSM's price on Lighter differ from the price on other venues?
- Yes. Lighter's TSM market runs its own order book, so its mark price, funding rate, and open interest can differ from the same instrument on another venue.
- What does it mean that Lighter runs its own order book?
- An order book is the live list of buy and sell orders in a market. Because TSM on Lighter has its own book, prices are set by the orders on Lighter itself rather than imported from any other market.
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