VOL. XCIV, NO. 247

* WIDE MOAT STOCKS COMPARISON *

NO ADVICE

Sunday, December 28, 2025

Stock Comparison

Tencent Holdings Limited vs Taiwan Semiconductor Manufacturing Company Limited

Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.

Tencent Holdings Limited

0700.HK · Hong Kong Stock Exchange

Market cap (USD)$705.6B
SectorCommunication Services
CountryCN
Data as of2025-12-28
Moat score
73/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

View full moat analysis >

Taiwan Semiconductor Manufacturing Company Limited

2330 · Taiwan Stock Exchange

Market cap (USD)
SectorTechnology
CountryTW
Data as of2025-12-28
Moat score
92/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

View full moat analysis >

Side-by-side metrics

Tencent Holdings Limited
Taiwan Semiconductor Manufacturing Company Limited
Ticker / Exchange
0700.HK - Hong Kong Stock Exchange
2330 - Taiwan Stock Exchange
Market cap (USD)
$705.6B
n/a
Sector
Communication Services
Technology
HQ country
CN
TW
Primary segment
Value-Added Services (VAS)
Leading-edge Foundry (7nm and below)
Market structure
Oligopoly
Quasi-Monopoly
Market share
n/a
70%-72% (reported)
HHI estimate
n/a
5,165
Pricing power
Moderate
Strong
Moat score
73 / 100
92 / 100
Moat domains
Network, Supply
Supply, Network, Demand, Financial
Last update
2025-12-28
2025-12-28

Moat coverage

Shared moat types

Ecosystem ComplementsCapex Knowhow Scale

Tencent Holdings Limited strengths

Direct Network EffectsDistribution ControlTwo Sided NetworkData Network Effects

Taiwan Semiconductor Manufacturing Company Limited strengths

Design In QualificationBenchmark Pricing PowerScope EconomiesOperational ExcellenceKeystone Component

Segment mix

Tencent Holdings Limited segments

Full profile >

Value-Added Services (VAS)

Oligopoly

48.3%

Marketing Services

Oligopoly

18.4%

FinTech and Business Services

Oligopoly

32.1%

Others

Competitive

1.2%

Taiwan Semiconductor Manufacturing Company Limited segments

Full profile >

Leading-edge Foundry (7nm and below)

Quasi-Monopoly

74%

Mature & Specialty Foundry (16nm and above + specialty processes)

Oligopoly

26%

Advanced Packaging & 3DFabric (CoWoS, InFO, SoIC)

Oligopoly

n/a

Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.