Where does TSMC's 75.96 trillion KRW net profit go?

TSMC's net profit distribution and the strength of the trickle-down effect on Taiwan's domestic economy

Cash dividends27% of net profit

70%+ attributed to foreign investors (including 20% ADR stake)

Extremely minimal domestic trickle-down effect

Facility reinvestment1.8 trillion NTD

Diversified by overseas fab construction in the US, Japan, Germany, etc.

Partial (limited due to overseas diversification)

Employee labor costs340.5 billion NTD

Average of approx. 190 million KRW per person, applicable to only 0.3% of total workers

Limited to the Hsinchu region

Corporate income tax267.6 billion NTD

Absorbed by defense spending: 14.6% in 2022 → 18.1% in 2026

Limited tangible impact

Source: Reconstructed based on TSMC business reports/disclosures and Taiwan central government 5-year budget expenditure statistics. Bar lengths conceptually represent the strength of the domestic trickle-down effect, not the relative scale of each item.