SG&A Efficiency Analysis: Comparing Taiwan Semiconductor Manufacturing Company Limited and Cadence Design Systems, Inc.

TSMC vs. Cadence: SG&A Efficiency Trends Unveiled

__timestampCadence Design Systems, Inc.Taiwan Semiconductor Manufacturing Company Limited
Wednesday, January 1, 201451330700024020800000
Thursday, January 1, 201551241400022921900000
Friday, January 1, 201652030000025696400000
Sunday, January 1, 201755334200027169200000
Monday, January 1, 201857307500026253700000
Tuesday, January 1, 201962147900028085800000
Wednesday, January 1, 202067088500035570400000
Friday, January 1, 202174928000044488200000
Saturday, January 1, 202284634000063445300000
Sunday, January 1, 202392064900071464000000
Monday, January 1, 2024103976600096889000000
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Cracking the code

SG&A Efficiency: A Tale of Two Giants

In the ever-evolving landscape of the semiconductor and software industries, understanding operational efficiency is crucial. Over the past decade, Taiwan Semiconductor Manufacturing Company Limited (TSMC) and Cadence Design Systems, Inc. have showcased contrasting trends in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, TSMC's SG&A expenses surged by approximately 198%, reflecting its aggressive expansion and market dominance. In contrast, Cadence Design Systems experienced a more modest increase of around 79%, indicating a steady yet controlled growth strategy.

Key Insights

  • TSMC's Growth: By 2023, TSMC's SG&A expenses reached nearly 71 trillion, a testament to its global expansion efforts.
  • Cadence's Strategy: Cadence's expenses, while significantly lower, highlight a focused approach, peaking at just over 920 million in 2023.

These trends underscore the strategic differences between a manufacturing powerhouse and a software innovator, each navigating their unique paths to success.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025