TSMx is a tokenised stock on Luno that tracks the share price of Taiwan Semiconductor Manufacturing Company, known as TSMC, the world's largest contract chipmaker and the manufacturer behind most of today's advanced AI chips. Buying TSMx gives you direct exposure to TSMC's share price through the Luno app, without needing a foreign brokerage account or a separate foreign exchange step.
Key takeaways
Tracks TSMC's share price and is backed 1:1 by real TSMC shares held in custody by a regulated third party.
Buy and sell directly in the Luno app, sitting alongside your other holdings in your existing wallet.
TSMC controls close to 70 percent of the global chip foundry market and manufactures chips for Nvidia, Apple, AMD and Qualcomm.
High performance computing, the segment covering AI chips, is now TSMC's largest source of revenue.
TSMx is a token, not a share. It does not carry shareholder voting rights.
What is TSMx
TSMx works like this. Each TSMx token is backed 1:1 by real TSMC shares held in custody by a regulated third party. As TSMC's share price moves, the value of TSMx moves with it. You are not buying a derivative or a synthetic bet on the price. You are buying a token linked to real, custodied equity, and it settles, trades and stores in your Luno wallet like any other asset on the platform.
You can read our guide to how tokenised stocks work for more detail on custody, backing and how these tokens are created.
Why TSMC is the company behind the AI build out
TSMC does not design its own chips. It manufactures them on behalf of the companies that do, including Nvidia, Apple, AMD and Qualcomm. That model has made it the largest contract chipmaker in the world, controlling close to 70 percent of the global semiconductor foundry market in 2025, according to TrendForce data reported by the Taipei Times.
That dominance matters most in one fast growing segment. High performance computing, the category covering AI accelerators, data centre processors and networking chips, made up 58% of TSMC's total revenue in 2025, overtaking smartphones as its largest source of income, as TSMC's own 2025 annual report sets out. Owning TSMx is a way to hold a stake in the manufacturing side of the AI economy, rather than betting on any single AI model or application succeeding.
Demand shows no sign of slowing. TSMC has guided for revenue growth of more than 30% in 2026, driven largely by continued AI and high performance computing demand, the South China Morning Post reported.
How tokenised access differs from owning TSMC shares directly
Buying TSMC shares directly usually means opening a brokerage account in a market you may not have easy access to, converting your local currency, and paying the fees that come with cross border trading. TSMx removes those steps.
No foreign brokerage account. Buy and sell TSMx directly in the Luno app.
No separate foreign exchange step. Trade using your existing Luno balance.
Held alongside your other assets. TSMx sits in your Luno wallet like any other token.
No shareholder voting rights. TSMx tracks the value of TSMC shares, but it is a token, not a share itself.
How to buy TSMx on Luno
Open the Luno app and search for TSMx.
Choose an amount and confirm your purchase using your available balance.
Hold, sell or add to your position at any time, the same way you would with any other asset on the platform.
Frequently asked questions
Is TSMx the same as owning TSMC shares directly?
TSMx tracks the value of TSMC shares and is backed by real shares in custody, but it is a token rather than direct share ownership, so it does not carry shareholder voting rights.
Can I buy TSMx without a US or Taiwanese brokerage account?
Yes. TSMx is available directly through the Luno app, so you do not need a separate brokerage account or foreign exchange arrangement.
Why is TSMC linked to the AI theme?
TSMC manufactures the advanced chips used by Nvidia, Apple, AMD and other major AI hardware companies, and high performance computing is now its largest revenue segment.
Does TSMx pay dividends?
Any dividend treatment depends on how the underlying tokenised stock product is structured. Check the current terms in the Luno app before buying if this matters to your decision.
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