Taiwan Semiconductor (TSM)

As the sole manufacturer of the world's most advanced chips, TSMC became indispensable to every major tech company and rewarded shareholders with massive returns, delivering over 600% in the decade and beating the runner-up Taiwan index by 200 percentage points in the last five years. This return is twice that of Broadcom's 400% and represents a 200% premium over the average semiconductor stock, with TSMC's gross margin exceeding 53% in 2023—a 10 percentage point lead over chip industry averages.