| __timestamp | Shopify Inc. | Taiwan Semiconductor Manufacturing Company Limited |
|---|---|---|
| Wednesday, January 1, 2014 | 57495000 | 24020800000 |
| Thursday, January 1, 2015 | 89105000 | 22921900000 |
| Friday, January 1, 2016 | 172324000 | 25696400000 |
| Sunday, January 1, 2017 | 293413000 | 27169200000 |
| Monday, January 1, 2018 | 457513000 | 26253700000 |
| Tuesday, January 1, 2019 | 651775000 | 28085800000 |
| Wednesday, January 1, 2020 | 847391000 | 35570400000 |
| Friday, January 1, 2021 | 1276401000 | 44488200000 |
| Saturday, January 1, 2022 | 1938255000 | 63445300000 |
| Sunday, January 1, 2023 | 1711000000 | 71464000000 |
| Monday, January 1, 2024 | 1796000000 | 96889000000 |
Unleashing the power of data
In the ever-evolving world of technology and manufacturing, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. This analysis compares the SG&A cost optimization strategies of two industry titans: Taiwan Semiconductor Manufacturing Company Limited (TSMC) and Shopify Inc., from 2014 to 2023.
Over the past decade, TSMC has consistently managed its SG&A expenses, maintaining a steady increase from 2014's $24 billion to a staggering $71 billion in 2023. This represents a growth of nearly 200%, reflecting TSMC's strategic investments in innovation and expansion.
Conversely, Shopify's SG&A expenses surged from $57 million in 2014 to $1.7 billion in 2023, marking an exponential increase of over 2,900%. This rapid growth underscores Shopify's aggressive market expansion and scaling efforts.
While TSMC's expenses are significantly higher, their growth rate is more controlled compared to Shopify's. This comparison highlights the diverse strategies employed by these companies in navigating their respective markets.
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