TSMC stock
On September 9, 2026, TSMC and MediaTek announced a strategic partnership to develop the industry's first automotive SoC (System on Chip) utilizing the 2nm (N2) process technology. This collaboration is designed to meet the escalating computational requirements of Level 4 and Level 5 autonomous driving systems. By leveraging TSMC's N2 node, the new chips are expected to deliver a 25% improvement in power efficiency compared to current 3nm automotive solutions, providing a significant competitive advantage in the rapidly expanding electric vehicle and smart cockpit markets.