Summary

• Taiwan Semiconductor (TSM) has generated an average annual return of 23.05% over the past five years, outperforming the market by 11.05% on an annualized basis.
• An investment of $100 in TSM five years ago would now be worth $272.67, based on a current price of $367.20.
• The company's current market capitalization is stated to be $1.90 trillion.
• The article is entirely backward-looking, presenting historical performance data to illustrate the concept of compounded returns, and contains no forward-looking analysis, guidance, or analyst opinions.

=== MARKET IMPLICATIONS === - The article serves as a confirmation of TSM's long-term market leadership and its status as a mega-cap cornerstone of the semiconductor industry. The $1.90 trillion market cap underscores its systemic importance. - As the piece is auto-generated and purely historical, it contains no new fundamental information and is unlikely to have any direct impact on the stock's price or trading volume. Its function is informational/educational rather than analytical. - The significant past performance highlighted could attract retail investors focused on momentum and historical returns, but for institutional analysis, it primarily reinforces the need to evaluate if such growth is sustainable at the current high valuation.