Micron Technology (MU) vs Taiwan Semiconductor Manufacturing (TSM)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Micron Technology (MU) has outperformed Taiwan Semiconductor Manufacturing (TSM) over the past year, gaining 485.9% versus a gain of 60.6%. Over five years, MU leads with a +1507.6% price change compared with +311.1% for TSM. Taiwan Semiconductor Manufacturing is the larger company by market cap ($2.43 trillion vs $1.21 trillion), about 2.0 times the size, while Micron Technology is growing revenue faster (+48.9% vs +25.0%).
On valuation, Micron Technology trades at a lower forward P/E (5.2x vs 21.4x for Taiwan Semiconductor Manufacturing). Taiwan Semiconductor Manufacturing offers the higher dividend yield (5.55% vs 0.05%). Taiwan Semiconductor Manufacturing converts more of its revenue into profit, with a net margin of 40.0% versus 22.8%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | MU | TSM |
|---|---|---|
| Share price | $1,067.57 | $468.74 |
| Market cap | $1.21T | $2.43T |
| 1-day change | -1.88% | -0.73% |
| YTD return | +281.21% | +55.39% |
| 1-year return | +485.92% | +60.60% |
| 5-year return | +1507.57% | +311.11% |
| P/E ratio (TTM) | 14.36 | 34.07 |
| Forward P/E | 5.17 | 21.38 |
| EPS (TTM) | $74.33 | $13.76 |
| Dividend yield | 0.05% | 5.55% |
| Annual dividend | $0.565 | $26.00 |
| Revenue (latest FY) | $37.38B | $88.27B |
| Revenue growth (YoY) | +48.85% | +25.03% |
| Net income (latest FY) | $8.54B | $35.33B |
| Gross margin | 39.79% | 56.12% |
| Operating margin | 26.14% | 45.68% |
| Net margin | 22.84% | 40.02% |
| 52-week high | $1,255.00 | $487.47 |
| 52-week low | $179.61 | $266.82 |
| Distance from 52-week high | -14.93% | -3.84% |
| Analyst consensus | strong_buy | strong_buy |
| Avg. price target upside | +43.84% | +18.40% |
| Average volume | 32.84M | 11.31M |
| Shares outstanding | 1.13B | 5.19B |
| Employees | — | 76,907 |
| Sector | Technology | Technology |
| Industry | Semiconductors | Semiconductors |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Taiwan Semiconductor Manufacturing is about 2.0 times larger than Micron Technology by market value ($2.43T vs $1.21T).
- MU has outperformed TSM by 425.3 percentage points over the past year.
- Taiwan Semiconductor Manufacturing trades at a higher earnings multiple (34.1x vs 14.4x trailing P/E).
- Taiwan Semiconductor Manufacturing offers a meaningfully higher dividend yield (5.55% vs 0.05%).
- Taiwan Semiconductor Manufacturing is more profitable, keeping 40.0 cents of every revenue dollar as net income versus 22.8 cents for Micron Technology.
- Micron Technology grew revenue faster in its latest fiscal year (+48.85% vs +25.03%).
About Micron Technology
MU stock →Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Japan, Mainland China, Hong Kong, Europe, and internationally.
Technology · Semiconductors
About Taiwan Semiconductor Manufacturing
TSM stock →Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides various wafer fabrication processes, such as processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.
Technology · Semiconductors · 76,907 employees
MU vs TSM FAQ
Which is bigger, Micron Technology or Taiwan Semiconductor Manufacturing?
Taiwan Semiconductor Manufacturing (TSM) is larger, with a market capitalization of $2.43T compared with $1.21T for Micron Technology (MU).
Which stock has performed better over the past year, MU or TSM?
MU returned +485.92% over the past 12 months, compared with +60.60% for TSM (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, MU or TSM?
MU has the lower trailing P/E at 14.4, versus 34.1 for TSM. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Micron Technology or Taiwan Semiconductor Manufacturing?
Taiwan Semiconductor Manufacturing has the higher yield at 5.55%, compared with 0.05% for Micron Technology.
Are Micron Technology and Taiwan Semiconductor Manufacturing in the same industry?
Yes. Both are classified in the Semiconductors industry within the Technology sector.