VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

Stock Comparison

Taiwan Semiconductor Manufacturing Company Limited vs Tokyo Electron Limited

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

Taiwan Semiconductor Manufacturing Company Limited

2330 · Taiwan Stock Exchange

Market cap (USD)$1.9T
Gross margin (TTM)61.9%
Operating margin (TTM)53.3%
Net margin (TTM)47%
SectorTechnology
IndustrySemiconductors
CountryTW
Data as of2026-05-26
Moat score
100/ 100

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

Full stock profile

Dive deeper into Taiwan Semiconductor Manufacturing Company Limited's moat claims, evidence, and risks.

View 2330 analysis

Tokyo Electron Limited

8035 · Tokyo Stock Exchange

Market cap (USD)$150.3B
Gross margin (TTM)45.3%
Operating margin (TTM)25.6%
Net margin (TTM)23.5%
SectorTechnology
IndustrySemiconductors
CountryJP
Data as of2026-05-27
Moat score
86/ 100

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

Full stock profile

Dive deeper into Tokyo Electron Limited's moat claims, evidence, and risks.

View 8035 analysis

Comparison highlights

  • Moat score gap: Taiwan Semiconductor Manufacturing Company Limited leads (100 / 100 vs 86 / 100 for Tokyo Electron Limited).
  • Segment focus: Taiwan Semiconductor Manufacturing Company Limited has 1 segment (100% in Semiconductor foundry services); Tokyo Electron Limited has 3 segments.
  • Moat breadth: Taiwan Semiconductor Manufacturing Company Limited has 5 moat types across 3 domains; Tokyo Electron Limited has 5 across 2.

Primary market context

Taiwan Semiconductor Manufacturing Company Limited

Semiconductor foundry services

Market

Global outsourced semiconductor foundry services

Geography

Global, with 1Q26 customer-headquarters revenue 76% North America, 9% Asia Pacific, 7% China, 4% Japan and 4% EMEA

Customer

Fabless IC designers, system companies, integrated device manufacturers and platform OEMs

Role

Pure-play foundry, advanced packaging, mask-making, design-support and testing manufacturing partner

Revenue share

100%

Tokyo Electron Limited

Coater/Developer (Lithography Track) Systems

Market

Coater/developer track systems for semiconductor lithography

Geography

Global

Customer

Semiconductor fabs

Role

Equipment OEM (process tool)

Side-by-side metrics

Taiwan Semiconductor Manufacturing Company Limited
Tokyo Electron Limited
Ticker / Exchange
2330 - Taiwan Stock Exchange
8035 - Tokyo Stock Exchange
Market cap (USD)
$1.9T
$150.3B
Gross margin (TTM)
61.9%
45.3%
Operating margin (TTM)
53.3%
25.6%
Net margin (TTM)
47%
23.5%
Sector
Technology
Technology
Industry
Semiconductors
Semiconductors
HQ country
TW
JP
Primary segment
Semiconductor foundry services
Coater/Developer (Lithography Track) Systems
Market structure
Quasi-Monopoly
Quasi-Monopoly
Market share
69.9%-70.4% (reported)
91% (reported)
HHI estimate
5,010
n/a
Pricing power
Strong
Strong
Moat score
100 / 100
86 / 100
Moat domains
Supply, Demand, Network
Demand, Supply
Last update
2026-05-26
2026-05-27

Moat coverage

Shared moat types

Capex Knowhow ScaleLearning Curve YieldDesign In Qualification

Taiwan Semiconductor Manufacturing Company Limited strengths

Ecosystem ComplementsCapacity Moat

Tokyo Electron Limited strengths

Installed Base ConsumablesService Field Network

Segment mix

Taiwan Semiconductor Manufacturing Company Limited segments

Full profile >

Semiconductor foundry services

Quasi-Monopoly

100%

Tokyo Electron Limited segments

Full profile >

Coater/Developer (Lithography Track) Systems

Quasi-Monopoly

n/a

Wafer Fab Process Tools (Etch/Cleaning/Deposition/Thermal/Bonding/Probing)

Oligopoly

n/a

Field Solutions (Spare Parts, Repairs, Upgrades, On-site Service, Used Tools)

Quasi-Monopoly

n/a

Want the full wide moat stocks list?

Browse the full ranking of wide moat stocks, updated with moat scores and segment context.

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Looking for expansion-stage stocks?

Proven models entering the expansion stage with unit economics that work.

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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.