TSMC

TSMC makes most of the world's advanced chips, and almost no one outside the industry noticed until it became a geopolitical flashpoint. It pioneered the pure-play foundry model, manufacturing chips designed by others rather than selling its own, and it now holds the great majority of the market for the most advanced processors. Nvidia, Apple, AMD and Broadcom all depend on it to turn their designs into silicon, which makes TSMC the single most important link in the AI and electronics supply chain. Founded in 1987 by Morris Chang and based in Hsinchu, Taiwan, the company's location is also its biggest risk: its concentration on one island near China worries customers and governments enough that it is building fabs in Arizona, Japan and Germany. For investors, TSMC is close to a pure bet on the world needing ever more advanced chips, with Taiwan-strait tension as the shadow over it.

On MyRWA, TSM trades tokenized across 31 on-chain venues - see the listings below.