ON Semiconductor

ON

Taiwan Semiconductor Manufacturing Company, Limited (TSMC; Chinese: 台灣積體電路製造股份有限公司) is a Taiwanese multinational semiconductor contract manufacturing and design company. It is one of Taiwan's largest companies, the world's most valuable semiconductor company, and the world's largest dedicated independent (pure-play) semiconductor foundry, with its headquarters and main operations located in the Hsinchu Science Park in Hsinchu, Taiwan. TSMC has a global capacity of about 13 million 300 mm (12 in) equivalent wafers per year as of 2020, and makes chips for customers with process nodes from 2 micron to 5 nanometers. TSMC is the first foundry to provide 7 and 5 nanometer production capabilities with the latter being applied on the new Apple A14 SoC, and the first to commercialize Extreme Ultraviolet (EUV) lithography technology in high volume.

ON Semiconductor has been a target of short sellers for a while. The current short interest of 7.76% is roughly at the average of the last 12 months (8.53%).